'King of Africa' ​​Transsion's net profit in 2023 is 5.503 billion yuan, a year-on-year increase of 121.55%

According to news from this site on February 21, Transsion Holdings today announced its 2023 annual performance report, achieving total operating income of 62.392 billion yuan, an increase of 33.90% over the same period last year; operating profit 6.748 billion yuan, an increase of 12.255% over the same period last year. %;The net profit attributable to the owners of the parent company was 5.503 billion yuan, an increase of 121.55% compared with the same period last year.

Transsion Holdings stated that during the past reporting period, the company continued to expand into emerging markets and achieved success through product structure upgrades and cost optimization. . The company's overall shipments have increased, while gross profit margins have also improved.

In 2023, the company's new market expansion strategy began to bear fruit, with key areas strengthened, market share increased, and overall sales volume and sales revenue also increased.

The company insists on focusing on user value, constantly optimizing user experience and improving product quality reputation. By upgrading its product structure and optimizing costs, the company successfully improved its overall gross profit margin, thereby increasing its gross profit.

The company is working hard to build an efficient operating organization to improve operational efficiency, support the implementation of the company's strategy, and benefit from scale expansion. At the same time, the company's expense ratio has also declined year-on-year, indicating that the company has achieved certain results in managing costs.

Note from this site: The main products of Transsion Holdings are TECNO, itel and Infinix three major brands of mobile phones, including feature phones and smart phones. The sales areas are mainly concentrated in Africa and South Asia. , Southeast Asia, the Middle East and Latin America and other global emerging market countries.

According to the latest report released by the market research organization IDC, Transsion ranked fifth in global smartphone shipments in 2023, with a market share of 8.1% and a year-on-year growth of 30.8% in shipments.

On December 18, 2023, Transsion officially settled in the new headquarters building located at the Liuxiandong headquarters base in Nanshan District, Shenzhen - Transsion Building.

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