New Stock News | Shenzhen Transsion Holdings Co., Ltd. (688036.SH) has submitted a second listing application to the Hong Kong Stock Exchange. It has a total of five production bases in Chongqing, Shenzhen, and other overseas locations.

According to the disclosure by the Hong Kong Stock Exchange on June 18th, Shenzhen Transsion Holdings Co., Ltd. (688036.SH) has submitted its application to the main board of the Hong Kong Stock Exchange, with CITIC SEC as its exclusive sponsor. The company had previously submitted its application for listing on December 2nd, 2025. Company Profile Shenzhen Transsion Holdings Co., Ltd. is a provider of smart terminal products and mobile internet services. The company is primarily engaged in the design, development, production, sales, and brand operation of smart terminal products centered around mobile phones. The company has established brand awareness among a wide and growing user base with its mobile phone business, extending to mobile internet services (online services and applications provided and accessed through smart devices and mobile internet) as well as IoT and other products, building a ecosystem of products, services, and brands. The purpose of founding Shenzhen Transsion Holdings Co., Ltd. was to meet the growing but underserved demand in emerging markets, especially in Africa. The company's success in Africa has accumulated rich consumer insights and operational experience in local market and sales network construction, enabling the company to expand to other major emerging markets globally. According to Frost & Sullivan data, the company has achieved the following market positions in global emerging markets: As of the end of the reporting period, Shenzhen Transsion Holdings Co., Ltd. has five production bases in Chongqing, Shenzhen, Nanchang, Bangladesh, and Ethiopia. In 2023, 2024, and 2025, the capacity utilization rates of the smartphone production at the five production bases were 90.7%, 80.8%, and 82.3% respectively. During the reporting period, Shenzhen Transsion Holdings Co., Ltd. sold its products and services to over 100 countries and regions worldwide through more than 3,000 distributors, with revenues from distributor sales accounting for over 99.0% of the company's total revenues during the reporting period. Financial Information Revenue In the years 2023, 2024, and 2025, the company recorded revenues of 62.295 billion, 68.715 billion, and 65.591 billion RMB respectively. Gross Profit In the years 2023, 2024, and 2025, the company's gross profit was 14.44 billion, 14.341 billion, and 12.278 billion RMB respectively. Net Profit In the years 2023, 2024, and 2025, the company's net profit was 5.587 billion, 5.597 billion, and 2.605 billion RMB respectively. Industry Overview Since the widespread popularity of mobile phones and the maturation of mobile internet technology after 2010, the global mobile phone market and mobile internet service market have shown strong growth and continued transformation. Mobile internet services refer to online services and applications provided and accessed through smart devices and mobile internet, including mobile internet advertising, e-commerce, and various software applications for personal and business users, aimed at providing users with a more efficient digital experience. Drivers and Future Trends of the Emerging Markets Mobile Phone Market Economic growth and consumption upgrade. Economic development and consumption upgrade in emerging markets have become important drivers of growth in the mobile (especially smart phone) market. Macro-economic development spurs demand for products and services that enhance quality of life. Consumers are increasingly willing to pay for devices with advanced features and optimized user experiences, making mobile phones not only a daily necessity but also an important tool for entertainment and leisure. AI drives replacement demand. With the increasing popularity of technologies like edge-side large models, smartphones are evolving from traditional communication tools to devices with AI capabilities (such as smart personal assistants). Advancements in AI chip performance, integration of large model technology, and enhancement of multi-modal perception capabilities enhance the functions of smartphones in areas like voice understanding, image processing, and real-time content generation. These upgrades provide a better user experience, stimulate users to upgrade their old devices, and further inject new growth momentum into the global mobile phone market. Board of Directors Information The board of directors will consist of ten directors, including six executive directors and four independent non-executive directors. Ownership Structure According to the company's articles of association, although Mr. Zhu owns only around 20.68% of the shares, he has the right to exercise 67.00% of the voting rights. The remaining 33.00% of the voting rights are held by 37 other shareholders (minority shareholders) in proportion to their respective shareholding ratios in Transsion Investment. As of the end of the reporting period, minority shareholders include Su Hai Information (beneficially owned by Mr. Alif (executive director)), holding approximately 7.36% of the shares or about 3.06% of the voting rights; Mr. Yan Meng (executive director), holding approximately 7.36% of the shares or about 3.06% of the voting rights; Mr. Ye Weiqiang (executive director), holding approximately 5.29% of the shares or about 2.20% of the voting rights; Mr. Zhang Qi (executive director), holding approximately 5.29% of the shares or about 2.20% of the voting rights; Mr. Lei Weiguo (associate of the company), holding approximately 2.77% of the shares or about 1.15% of the voting rights; Ms. Yang Hong (executive director), holding approximately 2.77% of the shares or about 1.15% of the voting rights; Mr. Wu Wen (associate of the company), holding approximately 1.55% of the shares or about 0.65% of the voting rights; Mr. Xia Chunlei (associate of the company), holding approximately 1.13% of the shares or about 0.47% of the voting rights; and another 29 shareholders of Transsion Investment (independent third parties), each holding less than 5% of the voting rights. Transsion Investment is an employee holding platform established before the A-share listing, not intended to consolidate control of the company with Mr. Zhu. Considering that the minority shareholders have limited voting rights according to the articles of association of Transsion Investment, as of the end of the reporting period, there are no voting arrangements, agreements or consensus (whether formal or informal) between the minority shareholders and Mr. Zhu or among themselves, nor are there any special rights related to their shareholding in Transsion Investment. Mr. Zhu and Transsion Investment are considered to be the controlling shareholders of the company, while the minority shareholders are not considered part of the company's controlling shareholders, even if they hold interests in Transsion Investment. Intermediary Team Exclusive Sponsor: CITIC SEC (Hong Kong) Limited. Company Legal Advisors: For Hong Kong and U.S. law: King & Wood Mallesons (Hong Kong) LLC; for Chinese law: Jin Tiancheng (Shenzhen) Law Firm; for international trade control: King & Wood Mallesons (Hong Kong) LLC; for local legal advisors in Hong Kong: Han Hui Law Firm; for special legal advisors in Hong Kong: Yin Guorong. Company Legal Advisors: For Bangladeshi law: Doulah & Doulah; for Congolese (Kinshasa) law: Bennani & Associs RDC SAS; for Ethiopian law: Haymanot & Advocates; for Indian law: Dentons Link Legal; for Iraqi law: Nuri Yaba Law Office; for Kenyan law: Anjarwalla and Khanna LLP; for Singaporean law: Bird & Bird ATMD LLP; for UAE law: Winson Partners and Legal Consultants FZ-LLC; for Guinean law: Thiam & Associs; for Tanzanian law: Winstlaw Attorneys; for Ugandan law: ENS Advocates; for Zambian law: Corpus Legal Practitioners; for Liberian law: Pierre, Tweh & Associates, Inc. Exclusive Sponsor and Legal Advisors for "Compilation": For Hong Kong and U.S. law: Paul, Weiss, Rifkind, Wharton & Garrison LLP; for Chinese law: Jingtian & Gongcheng Law Firm. Auditors and Reporting Accountants: Deloitte Touche Tohmatsu CPA Limited. Industry Consultant: Frost & Sullivan Consulting (Beijing) Co., Ltd. Shanghai Branch. Compliance Advisor: Hong Ri Capital Limited.