Transsion Holdings’ Q3 revenue in 2023 reached 17.993 billion yuan, with net profit soaring 194.86% year-on-year

News from this site on October 18, Transsion Holdings released its third quarter report for 2023 today. The company achieved revenue of 17.993 billion yuan in the third quarter of 2023, a year-on-year increase of 39.23%; achieved a net profit of 1.783 billion yuan Yuan, a year-on-year increase of 194.86%; the net profit after non-deductions was 1.734 billion yuan, a year-on-year increase of 189.97%.

Transsion Holdings achieved revenue of 43.022 billion yuan in the first three quarters of 2023, a year-on-year increase of 19.4%; achieved a net profit of 3.884 billion yuan , a year-on-year increase of 72.01%; the net profit after non-deductions was 3.509 billion yuan, a year-on-year increase of 72.46%.

Transsion Holdings stated that the main reason for the revenue growth during the reporting period was that the company continued to explore emerging markets and promote product upgrades, overall shipments and sales revenue increased; net profit The main reason for the increase was the increase in operating income during the reporting period. At the same time, benefiting from product structure upgrades and cost optimization, the gross profit margin increased, and the corresponding gross profit increased.

▲ Tecno Phantom Overseas emerging market users provide high-quality smart terminal equipment, and provide users with Internet services based on independently developed smart terminal operating systems and traffic portals.

The main products are mobile phones of the three major brands of TECNO, itel and Infinix, including feature phones and smartphone

. In the first half of 2023, the company's industry status has not undergone major changes, and its sales areas are mainly concentrated in global emerging market countries such as Africa, South Asia, Southeast Asia, the Middle East and Latin America. However, Transsion Holdings stated that with the development of the economy, the growth of the population and the continuous improvement of communication infrastructure, major emerging markets such as Africa, South Asia, Southeast Asia, the Middle East and Latin America will become the main drivers of global mobile phone sales growth in the future. main source. At present, the penetration rate of smartphones in emerging markets is relatively low and they are still in the transition stage from feature phones to smartphones, with feature phones still occupying a large market share. Since emerging markets have huge mobile phone market space and growth potential, more and more mobile phone manufacturers have entered emerging markets, leading to increasingly fierce competition in emerging markets.

According to previous reports on this site, Transsion Holdings has In the first half of the year, operating income of 25.029 billion yuan was achieved, a year-on-year increase of 8.31%; net profit attributable to shareholders of listed companies was achieved of 2.102 billion yuan, a year-on-year increase of 27.10%

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