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World's largest seller of smartphones in Africa (Tecno, Infinix, itel brands), also expanding across South Asia, the Middle East and Latin America.
World's largest seller of smartphones in Africa (Tecno, Infinix, itel brands), also expanding across South Asia, the Middle East and Latin America.
Sells low-priced phones through local distributors and its own after-sales service centres, called Carlcare, in emerging markets, with Africa the home base. It sells both basic feature phones, which still matter in parts of Africa, and smartphones.
In one line: The 'Samsung of frontier markets'.
Moat: narrow (brand, distribution, installed base). Deep local distribution and brand recognition built over two decades in underserved emerging markets.
Headquarters: Shenzhen, China · Founded: 2006 · Employees: 24,025
Size Shenzhen Transsion (688036.SS) is a China Information Technology company (Telecommunications Equipment) with a market value of $11.6B, the 215th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥65.00 on 6 Nov 2026.
Performance Over six months the shares gained 12.6%, against -35.6% for the median peer and -16.4% for the China market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 1.0% over the last twelve months (peer median +16.5%); the operating margin is 4.8% (peer median 3.8%).
Valuation It trades at 21.8× forward earnings against a peer median of 23.8× (9th cheapest of 19).
Capital Return on invested capital runs 7.0 points above its cost of capital (7.6% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥66.3B | CN¥65.5B | CN¥68.6B | CN¥62.1B | CN¥46.5B |
| Revenue growth | — | -5% | +10% | +34% | — |
| Gross profit | CN¥14.6B | CN¥12.3B | CN¥14.4B | CN¥14.4B | CN¥9.80B |
| EBITDA | n/a | CN¥2.82B | CN¥5.70B | CN¥6.31B | CN¥2.84B |
| Net income | CN¥3.06B | CN¥2.58B | CN¥5.55B | CN¥5.54B | CN¥2.48B |
| Free cash flow | -CN¥12.3B | CN¥939M | CN¥2.81B | CN¥11.3B | CN¥1.29B |
| Capital expenditure | CN¥928M | CN¥983M | CN¥640M | CN¥823M | CN¥840M |
| Total debt | CN¥9.61B | CN¥7.26B | CN¥6.77B | CN¥7.31B | CN¥3.96B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Transsion 688036.SS | $11.6B | +13% | -1% | 5% | 21.8× | n/a |
| Xiaomi-w 1810.HK | $99.0B | -2% | +6% | 3% | 27.8× | 24.3% |
| SamsungElec 005930.KS | $886B | -14% | +88% | 46% | 4.0× | -7.2% |
| Lenovo 0992.HK | $30.8B | +50% | +26% | 5% | 8.2× | -15.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 688036.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +41.0% | -6.6% | highest of 21 |
| 6-month return | +12.6% | -35.6% | highest of 21 |
| Distance from 52-week high | -16.7% | -46.4% | 2nd highest of 21 |
| Revenue growth (TTM) | -1.0% | +16.5% | 4th lowest of 21 |
| Operating margin | 4.8% | 3.8% | 11th highest of 21 |
| Forward P/E | 21.8× | 23.8× | 9th cheapest of 19 |
| ROIC minus cost of capital | +7.0 pp | -1.5 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Transsion 688036.SS | China | $11.6B | +13% | -1% | 5% | 21.8× | n/a | n/a |
| Huaqin 3296.HK | Hong Kong | $12.7B | -30% | +35% | 2% | 12.3× | n/a | n/a |
| China Spacesat 600118.SS | China | $9.75B | -46% | +6% | 1% | 531.4× | n/a | n/a |
| TCL Technology 000100.SZ | China | $15.0B | +7% | +5% | 0% | 13.1× | -4.7% | +19.1% |
| ViaSat VSAT | United States | $8.81B | -9% | +1% | 2% | n/a | 42.8% | +15.5% |
| Yealink Network Technology 300628.SZ | China | $7.50B | +8% | +17% | 46% | 16.2× | 4.3% | +17.0% |
| ZTE 000063.SZ | China | $19.0B | -23% | +14% | 1% | 24.2× | 19.0% | +5.6% |
| ZTE 0763.HK | Hong Kong | $19.0B | -27% | +20% | 1% | 14.6× | 17.5% | +4.9% |
| Zhejiang Dahua Technology 002236.SZ | China | $7.04B | -21% | +7% | 7% | 12.3× | n/a | n/a |
| Accton Technology 2345.TW | Taiwan | $21.6B | -49% | +82% | 14% | 12.5× | 4.5% | +35.4% |
| Shenzhen Sunway Communication 300136.SZ | China | $6.14B | -54% | +2% | 9% | 47.1× | 30.6% | +6.9% |
| Fiberhome Telecommunication Technologies 600498.SS | China | $5.50B | -42% | +16% | 1% | 21.5× | 12.8% | +3.4% |
| Jiang Su Etern 600105.SS | China | $4.82B | -48% | +49% | 12% | 24.4× | n/a | n/a |
| QuantumCTek 688027.SS | China | $4.60B | -48% | -19% | -33% | 4,259.0× | n/a | n/a |
| Ohb OHB.DE | Germany | $4.45B | -61% | +18% | 5% | 60.7× | n/a | n/a |
| Ciena CIEN | United States | $34.5B | -56% | +33% | 14% | 23.4× | 29.0% | +6.2% |
| Telefonaktiebolaget LM Ericsson ERIC-A.ST | Sweden | $34.9B | -9% | -4% | 14% | 17.3× | -8.7% | +0.4% |
| Ubiquiti UI | United States | $35.9B | -30% | +27% | 36% | 33.5× | 22.2% | +11.5% |
| Huber + Suhner HUBN.SW | Switzerland | $3.49B | -44% | -4% | 9% | 30.9× | 11.1% | +3.2% |
| Digital China 000034.SZ | China | $3.16B | -22% | +28% | 1% | 26.6× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |