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获中国移动投资 荣耀上市之路再进一步

Received investment from China Mobile, another step forward for the listing of Honor.

cls.cn ·  Aug 25 19:44

Honor stated that China Mobile Communications Co., Ltd. is an investment in Honor that has good synergies in the innovation of personal and home terminal markets. Honor plans to launch the corresponding stock system reform in the fourth quarter of this year, and then start the IPO process in due course.

"Science and Technology Innovation Board Daily" August 25th News (Reporter Huang Xinyi) In response to the news of China Mobile's investment in Honor, Honor responded to "Science and Technology Innovation Board Daily" that Honor has always adhered to the principle of open and transparent development and will continue to have a diversified equity structure. China Mobile Communications Corporation's investment in Honor is a financial investment that has good synergies in innovation in the personal and home terminal market."

Honor stated that as an enterprise in the smart terminal field, Honor has a rich product portfolio, and China Mobile Communications Corporation has advantages in channel resources and user resources. The two sides have broad cooperation space in innovation of comprehensive solutions for consumers, the Chinese market, and expansion of high-end users.

Not long ago, regarding the listing process, Honor stated to "Science and Technology Innovation Board Daily" that it plans to launch the corresponding stock reform in the fourth quarter of this year and then start the IPO process in a timely manner. Honor will disclose relevant financial data during the corresponding process and continue to have a diversified equity structure.

In November 2023, Honor announced its plan to go public and enter the capital market through an initial public offering. Tianyancha shows that Honor has 15 shareholders, including local state-owned assets, industry chain suppliers, third-party capital, etc., with a relatively diversified structure. JD.com, one of the suppliers of Honor smartphone screens, and Smart Interaction1 Holding Spv Rsc Ltd, a foreign company with a Middle Eastern background, have also invested in Honor.

In this investment by Honor, the investment amount and equity ratio have not been disclosed.

As the leader among domestic operators, China Mobile's user resources are obviously of high value to mobile phone manufacturers. The financial report shows that in the first half of 2024, China Mobile's personal market revenue reached 255.2 billion yuan; the number of mobile customers exceeded 1 billion households, with a net increase of 9.26 million households, of which the number of 5G network customers reached 0.514 billion households, with a net increase of 0.049 billion households, and the penetration rate reached 51.4%.

In addition, China Mobile's terminal company is the largest terminal agent for sales in the domestic market, with its channels covering China Mobile's own business halls, large-scale chain stores, mobile phone stores, and online malls in 31 provinces across the country. In October of last year, the terminal company made a big purchase of 1.2 million units of Huawei Mate 60 equity version and other 5 mobile phone products, which once caused market attention. In the first half of this year, the terminal company shipped more than 45 million units.

According to IDC data, in the second quarter of 2024, the shipment volume of the Chinese smart phone market was about 71.58 million units, a year-on-year growth of 8.9%. The market share of vivo, Huawei, OPPO, Honor, and Xiaomi were 18.5%, 18.1%, 15.7%, 14.5%, and 14%, respectively.

Currently, Honor is actively expanding its overseas market. At the 2024 Berlin Consumer Electronics Show, Honor will officially launch flagship products like the foldable screen Magic V3, and also showcase the Honor tablet MagicPad2 and the Honor laptop MagicBook Art 14.

The translation is provided by third-party software.


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