Bubble Finance learned that on the evening of July 14, Transsion Holdings (688036. S) announced that the company received a letter from the controlling shareholder Transsion Investment on the proposal for interim dividends in 2024, proposing that the company implement interim dividends in 2024 under the relevant premises, and the dividend ratio should not be less than 50% of the net profit attributable to the parent company in the first half of 2024. The specific profit distribution plan will be determined by the company based on its own operating conditions and deliberated by the board of directors and the general meeting of shareholders, and Transsion Investment promises to vote in favor of the matter when the matter is deliberated at the relevant meeting.

While its performance and industry status are growing by leaps and bounds, Transsion Holdings actively gives back to investors.

In 2023, Transsion Holdings plans to distribute a cash dividend of RMB 30.00 to all shareholders for every 10 shares based on a total share capital of 806,565,200 shares, with a total cash dividend of RMB 2.420 billion. The dividend of 3 billion yuan is equivalent to 54.18% of the company's net profit attributable to the parent company of 5.537 billion yuan in 2023.

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.

According to Canalys data, before the second quarter of 2023, Transsion's global smartphone market share was about 6%, and in the second quarter of 2023, Transsion's market share began to increase significantly, with 9% in the second, third, and fourth quarters, and it entered the top four in global smartphone shipments for the first time in the fourth quarter, becoming a dark horse in the ranks of leading mobile phones.

In 2023, Transsion Holdings has grown significantly in multiple markets. 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; In 2023, the company's market share of smart phones in Africa will exceed 40%, ranking first in Africa. In the South Asian market: Pakistan's smartphone market share exceeds 40%, ranking first; Bangladesh's smart phone market share is more than 30%, ranking first; India's smartphone market share is 8.2%, ranking sixth.

In 2023, the global mobile phone market will decline by 3.2% year-on-year, while Transsion Holdings will ship 194 million mobile phones, a sharp increase of 24% against the trend. It can be seen that the rapid growth of Transsion Holdings is in stark contrast to the weakness of other leading mobile phone brands.

In terms of performance, in 2023, Transsion Holdings' operating income will be 62.295 billion yuan, a year-on-year increase of 33.69%; The net profit attributable to shareholders of the listed company was 5.537 billion yuan, a year-on-year increase of 122.93%.

Pacific Securities pointed out that Transsion Holdings, as a domestic technology overseas brand with leading advantages in emerging markets, will deeply benefit from the growth of emerging market demand and the company's own product structure upgrading and cost optimization in the future.

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