Net profit rose by 121.15%! Transsion Holdings' year-end bonus for all employees increased by 30%
On January 26, according to a picture of Transsion Holdings' "Notice on the Distribution Measures for the 2023 Year-end Bonus" exposed on the Internet, due to the fact that the overall operating performance of Transsion Holdings in 2023 exceeded the budget and increased by a high year-on-year increase, the 2023 year-end bonus for all employees will be paid an additional 30% year-end bonus on the basis of normal accounting.
As a smartphone brand manufacturer mainly targeting overseas markets, Transsion Holdings has achieved substantial growth against the trend, although the global smartphone market suffered a sharp decline in 203.
According to IDC data, in the global smartphone market in 2023, Transsion Holdings (including Tecno, Infinix and iTel) saw its smartphone shipments rise 30.8% to 94.9 million units, accounting for 8.1% of the market share, becoming the world's fifth-largest smartphone manufacturer.
In the first half of 2023, Transsion has taken the lead in terms of market share in the smartphone market in Pakistan and Bangladesh, and also ranks sixth in the smartphone market in India. In the third quarter of 2023, Transsion's smartphone shipments in Africa increased by 9% year-on-year to 8.6 million units, with a market share of 48%. According to IDC data, in the third quarter of 2023, Transsion ranked first in smartphone shipments in Africa, Pakistan, Bangladesh, and the Philippines.
According to the annual performance forecast released by Transsion Holdings on the evening of December 27, 2023, it is expected that the revenue in 2023 will be about 62.122 billion yuan, an increase of about 15.526 billion yuan over the same period of last year, a year-on-year increase of about 33.32%, and the net profit attributable to the parent company will be about 5.493 billion yuan, an increase of about 3.009 billion yuan over the same period of last year, a year-on-year increase of about 121.15%; The net profit after deduction was about 5.010 billion yuan, an increase of about 2.800 billion yuan over the same period of last year, and a year-on-year increase of about 126.73%.
As for the reasons for the growth of performance, Transsion Holdings said that the company continued to explore emerging markets and promote product upgrades, and the overall shipments and sales revenue increased, while benefiting from the upgrading of product structure and cost optimization, the overall gross profit margin increased, and the corresponding gross profit increased.
Editor: Xinzhixun-Rogue Sword
#Year-end bonus#Related reading:
Don't look forward to it, the year-end bonus is gone
25 billion software manufacturers, worried about year-end bonuses