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

According to the news of CTOnews.com on October 18, the company today released its third quarter 2023 report that its revenue in the third quarter of 2023 was 17.993 billion yuan, up 39.23 percent over the same period last year; its net profit was 1.783 billion yuan, up 194.86 percent over the same period last year; and the net profit after deduction was 1.734 billion yuan, an increase of 189.97 percent over the same period last year.

In the first three quarters of 2023, Tsinghua Holdings achieved revenue of 43.022 billion yuan, an increase of 19.4 percent over the same period last year, a net profit of 3.884 billion yuan, an increase of 72.01 percent over the same period last year, and a net profit of 3.509 billion yuan, up 72.46 percent over the same period last year.

Tencent Holdings said that the increase in revenue during the reporting period was mainly due to the company's continued development of emerging markets and product upgrading, and an increase in overall shipments and sales revenue; the increase in net profit was mainly due to an increase in operating income in the reporting period, while benefiting from product structure upgrading and cost optimization, gross profit margin increased, resulting in a corresponding increase in gross profit.

▲ Voice Tecno Phantom X2 flagship Mobile Voice Holdings said that the company is positioned as a technology brand to provide high-quality smart terminal devices to overseas emerging market users, and to provide Internet services to users based on independently developed smart terminal operating systems and traffic portals. The main products are TECNO, itel and Infinix mobile phones, including function phones and smartphones. In the first half of 2023, the company's industry position has not changed significantly, and the sales region is mainly concentrated in the global emerging market countries such as Africa, South Asia, Southeast Asia, the Middle East and Latin America.

However, Tencent 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 are the main sources of global mobile phone sales growth in the future. 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.

According to previous reports by CTOnews.com, the operating income of Chuanyin Holdings in the first half of the year was 25.029 billion yuan, an increase of 8.31% over the same period last year, and the net profit belonging to shareholders of listed companies was 2.102 billion yuan, an increase of 27.10% over the same period last year.

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