Recently an investor in the interactive platform questions Chuanyin Holdings, hope that the company’s products can enter the domestic.
Today, Transn Holdings replied that the company’s products and services are mainly oriented to Africa, South Asia and other global emerging market countries and regions, and the company currently has no clear plan to enter the Chinese market for cell phone products.
Transn Holdings achieved revenue of 49.412 billion yuan in 2021, an increase of 30.75% year-on-year, and net profit attributable to the mother company of 3.909 billion yuan, an increase of 45.52% year-on-year.
Transnational Holdings is mainly engaged in the design, development, production, sales and brand operation of intelligent terminals with cell phones as the core. The company’s main products are TECNO, itel and Infinix cell phones, including feature phones and smartphones, with sales regions mainly in Africa, South Asia, Southeast Asia, the Middle East and South America and other global emerging markets.
According to IDC data, Transn Holdings’ share of the global cell phone market in 2021 is 12.4%, ranking third among global cell phone brand manufacturers, of which smartphones rank sixth with a share of 6.1% in the global smartphone market; the company’s share of the African smartphone market in 2021 is over 40%, ranking first in Africa. In South Asia market, Pakistan smartphone market share of more than 40%, ranking first; Bangladesh smartphone market share of 20.1%, ranking second; India smartphone market share of 7.1%, ranking sixth.
