This afternoon, Transsion Holdings unveiled its 2025 annual performance report, disclosing a total operating revenue of RMB 65.623 billion, which represents a 4.50% decrease compared to the previous year. Moreover, the operating profit, net profit attributable to the parent company, and net profit excluding non-recurring gains and losses all witnessed substantial drops. By the end of 2025, the company's total assets amounted to RMB 44.363 billion, reflecting a 1.55% decrease from the start of the period. Meanwhile, the net assets attributable to the owners of the parent company reached RMB 20.449 billion, showing a 1.08% increase from the beginning of the period. The decline in performance was mainly attributed to intensified market competition, escalating supply chain costs, and rising research and development as well as sales expenses. It should be noted that the relevant data has not undergone an audit process. Transsion Holdings intends to launch a Non-Deal Roadshow (NDR) for its Hong Kong listing on March 12, with an anticipated transaction size ranging from USD 500 million to USD 1 billion. The company aims to achieve a listing on the Hong Kong Stock Exchange in the second quarter of 2026. Previously, the company had submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with CITIC Securities acting as the sole sponsor. Notably, in 2024, Transsion Holdings secured the top position in global emerging markets in terms of mobile phone sales.