As a result of this announcement, Transsion Holdings closed trading on the Shanghai bourse's Star Market 6.30% higher on February 4.
Chinese consumer electronic company Transsion Holdings (688036:SH) released an announcement on its 2020 annual financial report on February 4.
In 2020, Transsion Holdings achieved a revenue of CNY 37.76 billion, a year-on-year growth of 48.99%. Its gross profit hit CNY 3.19 billion (a year-on-year growth of 46.32%), while the net profit reached CNY 2.64 billion, up by 47.13%.
The company's business expansion, as well as growing monetary capital and inventory, have led to a 47.07% increase in its total assets. By the end of 2020, Transsion's total assets have reached CNY 26.1 billion. The net asset per share for the owner of the parent company was CNY 12.98, an increase of 25.79%, compared with the previous year.
As a result of this announcement, Transsion Holdings closed trading on the Shanghai bourse's Star Market 6.30% higher on February 4.
Transsion Holdings is a mobile communication-focused hardware maker. It owns mobile phone brands TECNO, Itel and Infinix. After 10 years of development, the company’s mobile phone production volume has reached the seventh place globally, and ranked first inAfrica with more than 40% market share. Transsion Holdings has sold more than 200 million dual card mobile phones worldwide since its establishment.