Transsion Holdings' 2023 annual report shows that the company has achieved significant performance growth. Specifically, in 2023, Transsion Holdings will achieve operating income of 62.295 billion yuan, a year-on-year increase of 33.69%. net profit was 5.537 billion yuan, a year-on-year increase of 122.93%.
In addition, Transsion Holdings also announced a dividend plan, proposing to distribute a cash dividend of RMB 30.00 for every 10 shares and convert 4 shares. This demonstrates the company's commitment to rewarding shareholders while maintaining a strong financial performance.
Figure: 2023 Transsion Holdings Annual Report
From the perspective of financial data, Transsion Holdings' operating profit and net profit attributable to the owners of the parent company also achieved significant growth, with 6747.979 million yuan and 5502.8625 million yuan respectively, with year-on-year growth rates of 122.55% and 121.55% respectively. These figures further confirm Transsion Holdings' excellent performance in 2023.
It is worth noting that although it is reported that the forecast value of operating income is slightly lower than the final announced value (about 62.122 billion yuan), this does not affect the judgment of the company's overall performance growth trend.
In 2023, Transsion Holdings successfully achieved both growth in operating revenue and net profit through its layout and product strategy adjustment in emerging markets such as Africa, demonstrating its strong market position and competitiveness as the "king of mobile phones in Africa". At the same time, the company's dividend plan also reflects its emphasis on shareholder value creation.
Transsion Holdings said that in 2023, the company will continue to explore emerging markets, and at the same time, benefiting from product structure upgrading and cost optimization, the company's overall shipments will increase and gross profit margin will increase. In 2023, the company's overall mobile phone shipments will be about 194 million units. According to IDC statistics, the company's market share in the global mobile phone market will be 14.0% in 2023, ranking third among global mobile phone brand manufacturers, of which smart phones will have a market share of 8.1% in the global smart phone market, ranking fifth.
Among them, in 2023, Transsion Holdings' share of the African smartphone market will exceed 40%, ranking first in Africa. In the South Asian market, Pakistan has a market share of more than 40%, ranking first, Bangladesh has a market share of more than 30%, ranking first, and India has a market share of 8.2%, ranking sixth.
According to the data, Transsion Holdings is mainly engaged in the design, research and development, production, sales and brand operation of smart terminals with mobile phones as the core. The main products are mobile phones under the three major brands of TECNO, itel and Infinix, including feature phones and smartphones. The sales area is mainly concentrated in the global emerging market countries such as Africa, South Asia, Southeast Asia, the Middle East and Latin America.