Brief Introduction

TRANSSION Holdings is committed to becoming the most popular provider of smart devices and mobile services for consumers in global emerging markets. The company is best known for its high-quality multi-brand smart devices. Mobile phones are its core products, while it also offers mobile Internet services based on a self-developed operating system. TRANSSION's brand portfolio comprises leading mobile phone brands in emerging markets, including TECNO, itel and Infinix, as well as Carlcare for after-sales services, oraimo for smart accessories, and Syinix for home appliances.

After years of expansion, the company has become a leading player in the mobile industries of global emerging markets. In 2020, TRANSSION sold 174 million mobile phones globally. According to IDC figures for 2020, TRANSSION ranks 4th in global mobile phone manufacturers with a 10.6% market share, and 7th in global smartphone market with a 4.7% market share. In 2020, TRANSSION's market share in Africa continued to increase, with its smartphone market share exceeding 40%, further expanding its lead in Africa. TRANSSION also achieved remarkable performance in new smartphone markets, 1st in Pakistan (over 40%), 1st in Bangladesh (18.3%), and 6th in India (5.1%).

TRANSSION has implemented a development strategy which coordinates smart devices with mobile Internet to expand its leading advantage. TRANSSION branded phones are equipped with an intelligent operating system based on secondary development and deep customization of the Android system platform, including HiOS, itelOS, and XOS (TRANSSION OS). Within TRANSSION OS, the company has developed an app store, game centre, advertising distribution platform, phone master, and other related tools and applications.

Company Overview

Abbreviations Transsion Holdings
Code 688036
Founded 2017-11-08 (joint-stock company); 2013-08-21(limited liability company)
Listing 2019-09-30
Domicile Shenzhen
STAR Theme New Generation IT
CSRC Sector Manufacturing of computers, communications and other electronic equipment
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 3.36 2.42 0.91
R&D expenditure as a % of operating revenue 3.06% 3.18% 3.14%
Operating Revenue 37,791.89 25,345.93 22,645.88
Net Income 2,678.12 1,796.60 653.80

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 37,791.89 25,345.93 22,645.88
Operating Costs 28,064.40 18,411.99 17,109.37
Operating Income 3,187.61 2,195.20 857.35
Pretax Income 3,201.04 2,182.11 864.79
Income Tax 522.92 385.51 210.99
Net Income 2,678.12 1,796.60 653.80

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 23,005.15 15,463.11 8,539.09
Non-current Assets-Total 2,985.36 2,280.64 1,814.11
Total Assets 25,990.51 17,743.75 10,353.20
Current Liabilities-Total 13,529.02 8,155.60 5,457.06
Non-current Liabilities-Total 1,952.18 1,323.45 974.12
Total Liabilities 15,481.20 9,479.04 6,431.18
Stockholder's Equity
Share Capital 5,907.31 5,722.74 2,987.68
Retained Profits 4,584.80 2,531.25 928.62
Minority Interests 17.20 10.72 5.72
Total Owners' Equity 10,509.31 8,264.71 3,922.02

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 4,307.93 4,040.52 2,073.32
Net Cash Flows-Investing 817.53 -2,872.99 -738.53
Net Cash Flows-Financing 575.79 2,567.71 -275.01

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
深圳市传音投资有限公司 408.43 51.05%
源科(平潭)股权投资管理合伙企业(有限合伙)-源科(平潭)股权投资基金合伙企业(有限合伙) 79.76 9.97%
深圳市传力股权投资管理有限公司 51.58 6.45%
深圳市传音创业合伙企业(有限合伙) 26.78 3.35%
深圳市传力创业合伙企业(有限合伙) 26.35 3.29%
深圳市传承创业合伙企业(有限合伙) 24.48 3.06%
全国社保基金一零一组合 7.03 0.88%
招商银行股份有限公司-华夏上证科创板50成份交易型开放式指数证券投资基金 6.43 0.80%
GAMNAT PTE. LTD. 6.20 0.78%
As of 2021-03-31

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