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Transsion’s Q1 net profit plunges nearly 70% y-o-y
Home » Business » Markets » Transsion’s Q1 net profit plunges nearly 70% y-o-y

Transsion’s Q1 net profit plunges nearly 70% y-o-y

TechNode Feed 30/04/2025 09:20

Chinese phone brand Transsion on Monday reported revenue of RMB 13.004 billion ($1.79 billion) for the first quarter, down 25.45% year-on-year, while net profit dropped 69.87% year-on-year to RMB 490 million ($67.6 million). This marks the company’s first sharp decline in net profit since 2023. The company attributed the sharp drop to intensified market competition…

TechNode
Chinese phone brand Transsion on Monday reported revenue of RMB 13.004 billion ($1.79 billion) for the first quarter, down 25.45% year-on-year, while net profit dropped 69.87% year-on-year to RMB 490 million ($67.6 million). This marks the company’s first sharp decline in net profit since 2023. The company attributed the sharp drop to intensified market competition…
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