Technology Aug 26, 2020 05:58 PM (GMT+8) · EqualOcean
As Transsion (688036:SH) reveals its interim financials, the revenue of the Chinese smartphone vendor specialized in the African and other emerging markets was hardly affected by the pandemic, realizing a 31.81% year-on-year growth. The net profit went up by 33.42% annually, reaching CNY 1.09 billion. The cash flow generated from operating activities went down by 154.36% compared with last year. The company explains the decline was for the increasing purchase from the upstream suppliers.
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