on August 31, 2023, transmission holdings (688036) announced that the company would accept institutional research on August 29, 2023, apeiron Capital, Daiwa Securities, Guangdong Baizhou Securities Investment Fund, Guangfa Fund, Guangfa Securities, Guangxi Yingzhou Management Consulting, Guohai Securities, Guojin Fund, Guojin Securities, Guokai Securities, Guolian Fund, Guolian Securities, Guolian Fidelity, Guorong Fund, Guosheng Securities, Guoshou Asset Management, Cathay Pacific Fund, Guotai Junan Securities, Cathay Pacific Securities Investment Trust, Guotai Taikang, Fountain Securities, Hainan Private Equity Fund hainan Tuan Tuan Private Equity Fund, Haitong Innovation Securities Investment, Haitong International Asset Management, Haitong Securities, Korea Investment Company, Hang Gui Investment, Hang Yin Wealth Management, Haocheng Assets, Heqi Investment, Heyong Investment, Goldman Sachs Securities, Hengying Fuda Assets, Hongshang Assets, Hongyi Yuanyuan Fund, Manulife Fund, 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Securities, Shanghai Huichen Private Equity Fund, Shanghai Life Insurance, Shanghai Shenyin Wanguo Securities, Mindhand Capital, Shanghai Bank Fund, Shenwanling Trust Fund, Shengjun Private Equity Fund, Shiyi Investment, Shi Feng Asset, Shi Zhi Investment, Shibei Nengxin Private Equity Fund, Century Securities, Shougang Fund, Morgan Stanley Securities, Taiping Asset fund, Tongchuang Jiaye Asset, Wanjia Fund, Weiyu Private Equity Fund, Wenyuan Capital, Western Profit Fund, Tibet Dongcai Fund, Tibet Yuancheng Investment, Southwest Securities, Neo Criterion Capital, Xishan Capital, Xishirun Investment, Xiaobu Private Equity Fund, Xinhua Asset Management, Xinran Investment, Xinyuan Fund, Xinpu Private Equity Fund, Xingtai Investment, Xingzhi Venture Capital, Xinghe Fund, Oscar and Partners Capital, Xingye Securities, xunyuan Asset Management, Yimi Fund, Yizheng Lang Investment, Yinye Investment, Yingke Innovation Assets, Yingxiang Assets, Yongan Guofu, Yongfeng Gold Securities, AIA Life 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The details are as follows:

Q: Please give a brief description of the company's operations in the first half of 2023?

Answer: In the first half of 2023, the company achieved operating income of 25.029 billion yuan, an increase of 8.31 percent over the same period last year; operating profit of 2.548 billion yuan, an increase of 27.50 percent over the same period last year; net profit attributable to owners of the parent company of 2.102 billion yuan, an increase of 27.10 percent over the same period last year; net profit attributable to owners of the parent company after deducting non-recurring gains and losses was 1.774 billion yuan, an increase of 23.53 percent over the same period last year. The main reason is that the company continues to explore emerging markets and promote product upgrades, overall shipments and sales revenue have increased, while benefiting from product structure upgrades and cost optimization, gross profit margin has increased, and the corresponding gross profit has increased.

Q: How will the company's mobile phone business develop in the first half of 2023?

a: the company continues to be guided by user value, deepen the construction of consumer insight system, and enhance user experience and quality reputation. Focus on key technical areas, further build leading research and development capabilities that dig deep into user scenarios and technologies, optimize the basic application experience of middle and high-end products, adhere to the dual drive of users and technologies, and continuously improve the competitiveness of middle and high-end products. The company's new market development strategy has achieved certain results, further consolidating the market position of the company's core key regions and countries, multi-brand collaborative new market development, taking into account the market share increase and healthy operation objectives. According to IDC statistics, in the first half of 2023, the company's share of the global mobile phone market was 13.9 percent, ranking third among global mobile phone brand manufacturers, with smartphones accounting for 7.6 percent of the global smartphone market, ranking sixth. In the African market, the company's share of the African smartphone market exceeds 40%, ranking first. In the South Asian market, Pakistan ranks first in smartphone market share; Bangladesh ranks first in smartphone market share; India ranks sixth in smartphone market share.

Q: Can you tell us about the operation of the expanded category and mobile Internet business in the first half of 2023?

A: The company continues to strive to be the most popular provider of smart terminal products and mobile Internet services for consumers in emerging markets around the world. On the basis of the dominant position in the African mobile phone market, the company continues to increase its efforts to accelerate the development of mobile Internet, expand categories and other businesses. The company's digital accessories, household appliances continue to multi-brand development strategy, through the localization of intelligent hardware category ecological model exploration, actively implement a diversified strategic layout, expand to meet the needs of consumers in emerging markets of new categories of intelligent hardware. In terms of mobile Internet business, a mobile Internet platform based on user traffic and data resources is the core foundation for the company to develop mobile Internet products. The company has carried out strategic cooperation with many leading domestic Internet companies such as Netease and Tencent in music, integrated content distribution, news aggregation and other application fields, and actively developed and incubated mobile Internet products. The company will gradually build a good ecology of balanced and coordinated development of intelligent terminals and mobile Internet business, explore the road of multi-mode business growth, multi-dimensional, three-dimensional business.

Q: Could you please briefly introduce the layout of Chuanyin in medium and high-end products in the past six months?

Answer: Transsion complies with changes in market demand, actively promotes product structure upgrades, adheres to the principle of dual drive by users and technology, carries out product upgrades, and strengthens the competitiveness of high-end products. In the first half of this year, Voice officially released the first folding smartphone TECNO PHNTOM V Fold, and successively introduced the TECNO PHNTOM X2 series equipped with camera-grade retractable portrait lens, TECNO CMON 20 Pro series equipped with Sensor-shift anti-shake and RGBW technology, Infinix NOTE 30 series equipped with ll-Round FastCharge full-scene intelligent fast charging technology, and high-performance flagship Infinix GT 10 Pro specially designed for young cool gamers. Product upgrades help Transsion to further gain a foothold in emerging markets and achieve new breakthroughs in performance.

Q: How do you see the development space of mobile phone business in the market where the company is located?

A: In the emerging markets where Transmission is located, the overall population structure is young and the total population continues to grow. At the same time, with the development of emerging market economies and the increase in local people's incomes, these markets are in a period of strategic opportunities for the conversion of functional phones to smart phones. The proportion of smart phones will continue to increase, and there is a greater demand for structural improvement.

The main business of Transsion Holdings (688036): the design, research and development, production, sales and brand operation of smart terminals with mobile phones as the core.

according to the 2023 report of Chuanyin Holdings, the company's main revenue was 25.029 billion yuan, up 8.31 percent from the same period last year. Net profit attributable to the parent was 2.102 billion yuan, up 27.1 percent from the same period last year. Deduction of non-net profit was 1.774 billion yuan, up 23.53 percent from the same period last year. In the second quarter of 2023, the company's single-quarter main revenue was 15.756 billion yuan, up 30.72 percent from the same period last year; non-net profit deducted in a single quarter was 1.469 billion yuan, up 102.49 year on year. Debt ratio 57.16, investment income 0.297 billion yuan, financial expenses -32.4547 million yuan, gross profit margin 24.54.

the stock has been rated by 14 institutions in the last 90 days, with 13 buying ratings and 1 overweight rating; the average institutional target price in the past 90 days is 130.12.

The following is detailed earnings forecast information:

Margin trading data show that the net outflow of financing of the stock in the past three months has 0.268 billion, and the financing balance has decreased; the net inflow of securities has 0.244 billion, and the balance of securities has increased.

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