Shulou(Shulou.com)11/24 Report--

According to news from CTOnews.com on August 29, Transmittal Holdings today released a report for the first half of 2023, with operating income of 25.029 billion yuan, an increase of 8.31 percent over the same period last year, and net profit of 2.102 billion yuan belonging to shareholders of listed companies, an increase of 27.10 percent over the same period last year.

Among them, the net cash flow of operating activities increased by 7.621 billion yuan compared with the same period last year, mainly due to the increase in sales, and the rapid growth of sales in the second quarter, corresponding to part of the purchase of raw materials has not yet been paid, the cash payment for the purchase of goods in the current period decreased significantly.

Chuanyin Holdings said that the company is positioned as a technology brand to go abroad, is committed to providing high-quality smart terminal devices to overseas emerging market users, and provides Internet services to users based on independently developed intelligent terminal operating systems and traffic portals. The main products are TECNO, itel and Infinix mobile phones, including function phones and smartphones. During the reporting period, the company's industry status did not change significantly, and its sales regions were mainly concentrated in emerging market countries such as Africa, South Asia, Southeast Asia, the Middle East and Latin America.

According to IDC statistics, the company's share of the global mobile phone market in the first half of 2023 was 13.9%, ranking third among global mobile phone brands, of which smartphones ranked sixth with 7.6% of the global smartphone market. In the African market, Tencent Holdings ranks first with a market share of more than 40% of the African smartphone market. In the South Asian market, Pakistan ranks first in smartphone market share; Bangladesh ranks first in smartphone market share; and India ranks sixth in smartphone market share.

▲ Voice Tecno Phantom X2 flagship mobile phone, but Voice Holdings also said that with economic development, population growth and the continuous improvement of communications infrastructure, major emerging markets such as Africa, South Asia, Southeast Asia, the Middle East and Latin America will be the main sources of future global mobile phone sales growth. At present, the market penetration of smart phones in emerging markets is relatively low, which is still in the transition stage from functional phones to smart phones, and functional phones still occupy a high market share. Due to the large mobile phone market space and growth potential in emerging markets, more and more mobile phone manufacturers have entered the emerging markets, resulting in increasing competition in emerging markets.

In addition, Tencent Holdings did not release revenue figures for each region in the first half of the year. However, according to the financial results in 2022, the revenue of the African region is 20.633 billion yuan, about 3.6 billion yuan less than in 2021. The African market is expected to be saturated and difficult to find growth, so it is necessary to look for other emerging markets to continue to expand.

CTOnews.com found from the financial report that the number of research and development staff of Tencent Holdings reached 3721, with an average salary of 228400 yuan, an increase from 192700 yuan in the same period last year.

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