Shenzhen Transsion Holdings Co., Ltd. has formally submitted its application to list on the Hong Kong Stock Exchange (HKEX), with CITIC Securities acting as the exclusive sponsor. In 2025, the company reported an operating revenue of 65.591 billion yuan, marking a 4.55% year-on-year decline. Its net profit also decreased significantly, by 53.49%, reaching 2.581 billion yuan. The primary factors contributing to this performance downturn were intensified market competition and escalating supply chain costs, notably the price hikes in components like memory. These factors collectively led to a reduction in the company's operating revenue and gross profit margin. Concurrently, Transsion Holdings continued to ramp up its investment in technological innovation and product R&D, which led to an uptick in R&D expenses. Furthermore, the company stepped up its market development and brand promotion initiatives, resulting in increased sales expenses. In 2025, Transsion Holdings shipped approximately 169 million mobile phones in total. According to IDC data, in the same year, Transsion Holdings secured a leading position in Africa's smartphone market with around a 40% market share. In South Asia, it dominated Pakistan's smartphone market with over a 40% share, and also claimed the top spot in Bangladesh's smartphone market with a 35.0% share. In India's smartphone market, it held a 4.0% share, ranking eighth.