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Under the dual pressure of competition and costs, shenzhen transsion holdings co., ltd.'s Q3 performance has encountered a setback.
In the first half of this year, shenzhen transsion holdings co., ltd. performed well, with both revenue and net income showing double growth. However, in the third quarter, the situation turned sharply, with a significant decline in net income attributable to the parent company.
Express News | Shenzhen Transsion Holdings Co., Ltd. responds to the issue of declining R&D expense ratio: prices of products will be gradually increased, and the company will expand beyond Africa, with future R&D expense ratio set to increase to 5%.
Shenzhen Transsion Holdings Co., Ltd. (688036): A leader in mobile phones in emerging markets, with broad space for expanding product categories and csi mobile internet index business.
The company is a leading brand in the emerging markets for mobile phones, with a strong competitive position in the African market. It has vigorously expanded into markets outside of Africa, such as South Asia, Southeast Asia, the Middle East, and South America. In the past two years, the company's performance has benefited from the recovery of demand in emerging markets, and in the medium to long term, emerging.
Express News | China Merchants has given Shenzhen Transsion Holdings Co., Ltd. an initial buy rating.
Shenzhen Transsion Holdings Co., Ltd.: Currently negotiating patents with rights holders. Emerging markets are still in the trend of "switching from feature phones to asia vets." | Direct coverage of the earnings conference.
① Zhu Zhaojiang stated that overall, the penetration rate of asia vets in emerging markets is lower compared to North America, Western Europe, and developed economies in the mature Asia-Pacific and china market. The transition from feature phones to asia vets remains an important factor driving the growth of the asia vets market in emerging markets; ② He mentioned that Transsion is currently in patent negotiations with patent holders to determine reasonable licensing fees under the framework of fair, reasonable, and non-discriminatory principles.
Express News | Shenzhen Transsion Holdings Co., Ltd.: The company actively explores large-scale models and interconnection technologies in the field of AI.