Honor has officially launched its IPO and has been filed for listing guidance
2025-06-30
According to the official website of the China Securities Regulatory Commission, on June 26th, domestic mobile phone brand manufacturer Honor Terminal Co., Ltd. (hereinafter referred to as "Honor") was registered for listing guidance, and the guidance securities firm is CITIC Securities. According to the coaching schedule, it is expected to complete the listing coaching from January to March 2026.
As early as December 28, 2024, Honor announced on its official website that Honor Terminal Co., Ltd. had been legally transformed into a limited liability company on the same day, and the company name had been changed to "Honor Terminal Co., Ltd.
Honor subsequently responded to the media that this shareholding reform involves changes in the company's form and name, and does not affect the company's daily operations. After the completion of the stock reform, Honor will initiate the IPO process in a timely manner, and further information will be disclosed to the public during the corresponding process.
Prior to this, in late August 2024, Honor announced that it had received investment from China Mobile. In October 2024, Honor confirmed to the media that China Telecom, funds under CICC Capital, funds under Cornerstone, Special Development Fund, and a new round of agent investment platform Jinshi Xingyao had invested in Honor.
It is worth noting that on January 17, 2025, Honor Terminal Co., Ltd. announced on its intranet that "Zhao Ming has resigned from his position as CEO and other related positions due to health reasons. After careful discussion and research, the board of directors has decided to respect Zhao Ming's personal wishes, accept his resignation, and appoint Li Jian as CEO. ”
The annual smartphone market shipment data in Chinese Mainland in 2024 released by Canalys, a market research institution, shows that Glory ranks fifth in the domestic market with a market share of nearly 15%, and the market competition is becoming increasingly fierce. If we look at the global market, another set of third-party statistics shows that in 2024, Honor's sales share in the global market was only 5%, ranking seventh. With the gradual recovery of Huawei's mobile phone business in the past two years, its global market share has risen to 4%, which has also affected Honor's existing user market to some extent.
Tianyancha shows that Honor currently has 23 shareholders, including Shenzhen Pengcheng New Information Technology Partnership Enterprise (Limited Partnership), Shenzhen Chunya United Technology Partnership Enterprise (Limited Partnership), Shenzhen Zhixin New Information Technology Co., Ltd., Shenzhen Bao'an District Investment Management Group Co., Ltd., Guoxin Capital, BOE Technology Group Co., Ltd., China Telecom, China Mobile, Jinshixingyao (Shenzhen) Intelligent Equipment Private Equity Investment Fund Partnership Enterprise, etc. Among them, Chunya United has gathered 27 channels and agents of Honor.
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