Abstract: Transsion, a mobile phone maker focused on Africa and other emerging markets, is seeking an A+H listing. CITIC is the sole sponsor. While our previous note covers the fundamentals of the company, in this note we look at its 1H26 results, the key changes in its updated prospectus and how the A-H premiums of its peers have moved. We think the deal is worth following as profit growth returned in 1H26. The 3Q26 results, due by the end of October, are the first test of whether gross margin holds.
ZTE, MIDEA, HISENSE HOME APPLIANCES, MEIG SMART TECHNOLOGY, MIDEA, MEIG, HAIER SMART HOME, HAIER SMARTHOME, TRANSSION, ZTE, HISENSE HA
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