New Stock News | Shenzhen Transsion Holdings Co., Ltd. Passes HKEX Hearing: Revenue for the First Four Months of This Year Increased by Over 30% Year-on-Year

September 25 HKEX news shows that Shenzhen Transsion Holdings Co., Ltd. has passed the listing hearing of the Hong Kong Stock Exchange, with CITIC SEC acting as sole sponsor. The company disclosed in the draft prospectus that, with mobile phones at its core, it covers the design, research and development, production, sales and brand operation of smart terminal products, and has extended its business to mobile internet services, the Internet of Things, energy storage and light electric mobility, among other areas. According to Frost & Sullivan data, in 2025 Shenzhen Transsion Holdings Co., Ltd. ranked third in the global mobile phone market by sales volume, with sales of about 169 million units and a market share of 11.8%; it ranked eighth by revenue, with revenue of about US$8 billion and a share of 1.7%. In emerging markets, the company ranked first by mobile phone sales volume, with a share of 20.0%; in the African market, it ranked first by sales volume, with a share of 53.1%. The company's main mobile phone brands include TECNO, aimed at the mid-to-high-end market, Infinix, aimed at young consumers, and itel, focused on value for money. The post-hearing information pack shows that financially, Shenzhen Transsion Holdings Co., Ltd.'s revenue in 2023, 2024 and 2025 was RMB62.295 billion, RMB68.715 billion and RMB65.591 billion, respectively. Revenue for the first four months of 2026 was RMB23.290 billion, an increase of about 30.1% from RMB17.908 billion in the same period last year. In 2025, mobile phone business revenue was RMB58.448 billion, accounting for 89.1% of total revenue, of which smartphone revenue was RMB54.821 billion; IoT products and other revenue was RMB6.202 billion, with its share rising to 9.5%, and mobile internet service revenue was RMB942 million. In the first four months of 2026, IoT products and other revenue increased to RMB2.721 billion, accounting for 11.7%. Of mobile phone revenue in 2025, TECNO, Infinix and itel accounted for 46.1%, 39.8% and 13.9%, respectively. In terms of the industry, the listing materials cite Frost & Sullivan's forecast that revenue in the emerging market mobile phone market will increase from US$175.5 billion in 2025 to US$266.7 billion in 2030, a compound annual growth rate of 8.7%, higher than the expected growth rate of 4.9% for the global mobile phone market over the same period. During the same period, the market size of mobile internet services in emerging markets is expected to increase from US$1.046 trillion to US$3.521 trillion, a compound annual growth rate of 27.5%; the compound annual growth rates of the IoT, energy storage and light electric mobility markets are expected to be 20.3%, 16.7% and 14.5%, respectively. Shenzhen Transsion Holdings Co., Ltd.'s competitive advantages mainly come from localized products, channel networks and its research and development system. The company has developed long battery life, fast charging, anti-sweat and deep skin tone imaging technologies for scenarios in Africa such as power outages, large temperature differences and sweaty hands, and has optimized heat dissipation solutions for gaming users in Southeast Asia. Its self-developed Transsion OS is compatible with Android, and its average monthly active users in the four months ended April 30, 2026 exceeded 300 million, while Palm Store and AHA Games had more than 200 million and 140 million monthly active users, respectively; Boomplay, jointly incubated with NTES, had about 50 million monthly active users, and Phoenix, jointly developed with Tencent, had more than 150 million monthly active users. As of April 30, 2026, the company had more than 2,900 distributors and 2,500 service outlets worldwide, had subsidiaries in 30 countries and regions, and had production bases in Ethiopia and Bangladesh. The company has research and development bases in Shanghai, Shenzhen and Chongqing, with more than 5,000 research and development personnel, accounting for 19.3% of total employees, while foreign employees account for more than half.