Transsion Holdings annual revenue of 65.6 billion: net profit of 2.6 billion, down 53% year-on-year; cash dividends of 1 billion.

Shenzhen Transsion Holding Co., Ltd. (Company code: 688036; Company abbreviation: Transsion Holding) recently released its annual report for 2025.

The annual report shows that in 2025, Transsion Holding’s revenue was RMB 65.591 billion, down 4.5% from RMB 68.715 billion in the same period last year.

In 2025, Transsion Holding’s net profit was RMB 2.581 billion, down 53.49% from RMB 5.549 billion in the same period last year. Net profit after deducting non-recurring items was RMB 1.972 billion, down 56.48% from RMB 4.541 billion in the same period last year.

Transsion Holding said that the decline in net profit was mainly driven by market competition and supply-chain cost pressures. The prices of electronic components such as storage increased significantly, and the company’s operating revenue and gross margin both declined. Meanwhile, the company continued to innovate technologically, increased R&D investment such as for its products, and improved end-user experience and product competitiveness for mobile phone users. R&D expenses increased compared with the same period last year. At the same time, the company stepped up market expansion and brand promotion efforts, and selling expenses increased compared with the same period last year.

In the fourth quarter of 2025, Transsion Holding’s revenue was RMB 16.048 billion; net profit was RMB 0.432 billion; and net profit after deducting non-recurring items was RMB 0.241 billion.

Transsion Holding plans to use the total share capital recorded on the equity distribution record date for the 2025 fiscal year implementation as the base, and distribute cash dividends of RMB 9 per 10 shares to all shareholders (including tax). Based on the company’s total share capital as estimated at present, the total cash dividends proposed are RMB 1.036 billion (including tax). The amount of this cash dividend represents 40.15% of the net profit attributable to shareholders of the listed company achieved in fiscal year 2025.

Transsion Holding mainly engages in the design, R&D, production, sales, and brand operations of intelligent end devices centered on mobile phones. Its main products are three smartphone brands—TECNO, itel, and Infinix—including feature phones and smartphones. Its sales regions are mainly concentrated in global emerging market countries such as Africa, South Asia, Southeast Asia, the Middle East, and Latin America. In 2025, the company’s overall smartphone shipment volume was approximately 169 million units.

Controlling shareholder cashed out nearly RMB 1.9 billion last year

As of December 31, 2025, Shenzhen Transsion Investment Co., Ltd. held 46.71%, Citic Lyon Asset Management Co., Ltd. – Customer Funds – RMB Funds Inflow held 6.22%, Yuanchuan, Yuxi Transjiaqi Enterprise Management Partnership (Limited Partnership) held 5.39%, and China Merchants Bank Co., Ltd. – 华夏上证科创板50成份交易型开放式指数证券投资基金 (Huaxia SSE STAR 50 Index Exchange-Traded Fund) held 1.96%；

As of December 31, 2025, the equity structure of Transsion Holding

Hong Kong Securities Clearing Company Limited held 1.78%, National Social Security Fund 111 Portfolio held 1.1%, National Social Security Fund 113 Portfolio held 1.04%, Yuxi Chuan Cheng Enterprise Management Partnership (Limited Partnership) held 0.9%, and the basic pension insurance fund 802 Portfolio held 0.9%.

As of March 31, 2025, Shenzhen Transsion Investment Co., Ltd. held 49.15%, Citic Lyon Asset Management Co., Ltd. – Customer Funds – RMB Funds Inflow held 6.28%, Yuanchuan, Yuxi Transjiaqi Enterprise Management Partnership (Limited Partnership) held 5.44%, Hong Kong Securities Clearing Company Limited held 2.62%, and China Merchants Bank Co., Ltd. – Huaxia SSE STAR 50 Index Exchange-Traded Fund held 2.26%；

As of March 31, 2025, the equity structure of Transsion Holding

Industrial and Commercial Bank of China Limited – E Fund SSE STAR 50 Index Exchange-Traded Fund held 1.61%, National Social Security Fund 113 Portfolio held 1.4%, National Social Security Fund 111 Portfolio held 1.39%, the basic pension insurance fund 802 Portfolio held 1.14%, Yuxi Chuan Cheng Enterprise Management Partnership (Limited Partnership) held 0.91%,

In September 2025, Shenzhen Transsion Investment Co., Ltd. reduced its holdings. The transfer price for this transaction was RMB 81.81 per share, and the transfer quantity was 22,807,011 shares, with the transaction amount totaling RMB 1.866 billion. A total of 20 investment institutions took over, with a lock-up period of 6 months.

Among them, 兴证全球基金管理有限公司 (Eastspring Global Fund Management Co., Ltd.) subscribed for RMB 832 million, accounting for 0.892% of the total share capital; 瑞众人寿保险有限责任公司 (Rui Zhong Life Insurance Co., Ltd.) subscribed for RMB 300 million, accounting for 0.320%; 国泰海通证券股份有限公司 (Caitong Haitong Securities Co., Ltd.) subscribed for RMB 154 million, accounting for 0.165%; 富国基金管理有限公司 (Fidelity Fund Management Co., Ltd.) subscribed for RMB 94.90 million, accounting for 0.102%；

Guangfa Fund Management Co., Ltd. subscribed for RMB 84.84 million, accounting for 0.091%; 远信（珠海）私募基金管理有限公司 (Yuanxin (Zhuhai) Private Fund Management Co., Ltd.) subscribed for RMB 68.72 million, accounting for 0.074%; 广东正圆私募基金管理有限公司 (Guangdong Zhengyuan Private Fund Management Co., Ltd.) subscribed for RMB 49.09 million, accounting for 0.053%; 上海申创申晖私募基金合伙企业（有限合伙） (Shanghai Shenchuang Shenhui Private Fund Partnership (Limited Partnership)) subscribed for RMB 45.49 million, accounting for 0.049%；

Nord Fund Management Co., Ltd. subscribed for RMB 42.05 million, accounting for 0.045%; Shanghai YingShui Investment Management Co., Ltd. subscribed for RMB 41.07 million, accounting for 0.044%; Guotai Fund Management Co., Ltd. subscribed for RMB 31.91 million, accounting for 0.034%; Dajia Asset Management Co., Ltd. subscribed for RMB 28.72 million, accounting for 0.031%; and Guangfa Securities Co., Ltd. subscribed for RMB 28.14 million, accounting for 0.030%.

As of yesterday’s close, Transsion Holding’s share price was RMB 56.89, and its market value was RMB 65.5 billion. If calculated using the current share price, funds participating in the takeover such as Eastspring Global Fund Management Co., Ltd. suffered severe losses.

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