Apple and Huawei caused big revenue loss for OFILM
Recently, the OFILM group of corporations published its first half of the 2022 revenue report. While inspecting the information, we found that the company has collected a loss of 870 million yuan [12.5 million USD]. And seems like, the credit for the huge revenue loss of OFILM goes to Apple and Huawei.
OFILM is an advanced technology manufacturing and assembly company. The products and technologies help to build products related to smartphones, smart driving, and other consumer-based electronic devices.
How? Let’s learn about it in more detail.
To begin with, OFILM scored revenue of 7.78 billion yuan [1.12 billion USD] in the first of this year. In comparison to the previous year, when the company gained 11.74 billion yuan [1.69 billion USD], shows a yearly decrease of 2677.73 percent.
While the net profit of OFILM was around 33.897 million yuan [49 million USD] last year. This year, the company has drowned in a net loss of 870 million yuan [12.5 million USD]. And some or the other way, OFILM believes that the tech giants like Huawei and Apple are one of the reasons for the declination.
What are the other main reasons?
The corporation believes that in the first half of this year, some severe hurdles kept on arising in the global economic development. Consequently, the global supply chain remained stiff at the time. While industries like consumer electronics and smart cars have faced issues with insufficient raw materials and supply shortages.
On the flip side, manufacturers like Huawei and Apple have constantly maintained their position in the market by introducing extremely high levels of technology. Their strategic investment is quite advancing and can bind the consumers and their interests in their products.
However, the termination of purchasing relationships led by Apple, and the chip supply restrictions of Huawei made the company sink in the market. Describing some other consequential reasons for the downfall, the company said the following points:
- Affected by the elimination of purchasing other high sectors by Apple customers, which made a significant drop on the yearly basis.
- Changes in the international trade markets and global epidemics have affected consumer demands a lot.
- Restrictions on the supply of chips from Huawei for the smartphone business brought down the company’s products and made them low on the consumer platform.
- The exchange rate of USD to RMB fluctuated the revenue of OFILM and made a negative impact on the overall profits.
Though the company is still making efforts to come up with the challenges. Yet, we cannot say which efforts will bring positive changes to the OFILM group in the future.
New Huawei flagship store with spaceship design revealed
Huawei officially confirmed that a new flagship store Wuhan Dream Times will open soon. This new Huawei flagship store has a unique “spaceship” shape to create a romantic sense of technology.
The flagship store has a very interesting feel of technology. There’s also an audio experience area, which is launched for the first time. This section will allow visitors to enjoy the concerts and songs privately.
The new spaceship shape Huawei flagship store has five major specialties. These include a cafe area with comfort for leisure inside. There’s also a sports section with various equipment and a health-inspiring environment.
The store also brings a one-stop service section, which will help people to resolve issues and get a repair for their devices including smartphones and others.
According to Huawei’s official website, the new Huawei flagship store Wuhan Dream Times Store is located at B101 and B201, Area B, Wushang Dream Times Square, No. 628 Wuluo Road, Wuchang District, Wuhan City, Hubei Province.
Its business hours are Monday to Thursday 10:00-21:30, Friday 10:00-22:00, Saturday 9:30-22:00, and Sunday 9:30-21:30.
During the recent Huawei Spring Flagship New Product Launch Conference, Huawei CBG CEO Yu Chengdong announced that the third largest Huawei flagship store in the country – Huawei Flagship Store Wuhan Dream Times will officially open on March 30.
It is in the middle of the “Wu Shang Meng Era” complex and it has a two-story design. It also displays Huawei’s latest technology and smart products. The store also comprises smart life scenarios such as smart travel, smart office, smart home, audio-visual entertainment, sports, and health.
Huawei decides new board of directors, check details
During a recent Huawei Investment Holdings labor union meeting, the company came to an election for a new board of directors. Also, Huawei CFO, Meng Wanzhou is elected to start her first rotating chairwoman tenure on April 1.
We’ll share all of the new board members and Huawei management as a part of Huawei’s future growth.
Huawei’s new board chairman and board members were elected by voting at the shareholder representative meeting. Subsequently, the company’s board of directors held a meeting and selected the vice chairman and executive director, and confirmed the attendance of the executive director.
Under the process, the Vice-Chairman and the Managing Director choose the Executive Board. Below are some of them
The board members include Liang Hua, Xu Zhijun, Hu Houkun, Meng Wanzhou, Wang Tao, Zhang Pingan, Yu Chengdong, Li Jianguo, He Tingbo, Zheng Liangcai, Ren Zhengfei, and more.
Huawei’s board of director consist of vice chairman Xu Zhijun, Hu Houkun, and Meng Wanzhou. These are the only three rotating chairmen of the company and each will serve 4 months’ tenure in a single year. Responsibilities are performed in turn in the following order:
- Meng Wanzhou: April 1, 2023 to September 30, 2023
- Hu Houkun: October 1, 2023 to March 31, 2024
- Xu Zhijun: From April 1, 2024 to September 30, 2024
Here are the members of the new Huawei Board of Directors:
Liang Hua, Xu Zhijun, Hu Houkun, Meng Wanzhou, Wang Tao, Zhang Pingan, Yu Chengdong, Li Jianguo, He Tingbo, Zheng Liangcai, Ren Zhengfei, Tao Jingwen, Bloomberg, Zha Jun, Hou Jinlong, Yang Chaobin, and Ying Weimin.
Let’s check Chairman, Vice Chairman, Executive Director, Attending Executive Director, and Director.
- Chairman: Liang Hua
- Vice Chairman: Xu Zhijun, Hu Houkun, Meng Wanzhou
- Executive Directors: Wang Tao, Zhang Pingan, Yu Chengdong, Li Jianguo
- Attending executive directors: He Tingbo, Zheng Liangcai
- Directors: Ren Zhengfei, Tao Jingwen, Bloomberg, Zha Jun, Hou Jinlong, Yang Chaobin, Ying Weimin
There are 11 alternate directors elected by the shareholder representative at the meeting: He Gang, Bai Yi, Cao Jibin, Zhou Hong, Bian Honglin, Jin Yuzhi, Lu Yong, Zou Zhilei, Jiang Yafei, Hu Kewen, and Wang Huanan.
Whenever there’s a requirement for a director, these alternate directors will fill in the blanks according to the company’s internal procedures.
Huawei Watch Buds launching in Indonesia, pre-sale on April 3
Huawei has officially confirmed that Huawei Watch Buds will be the smartwatch of the future in Indonesia. On the other hand, the company has prepared Huawei Watch Buds for pre-sale on April 3 in the country.
Consumers in Indonesia, can claim the RP 100,000 Early Bird Voucher now (can only be claimed from 27 MARCH – 3 APRIL) and use it from 3 APRIL 2023 for Huawei Watch Buds.
There’s a free gift worth 2M. This includes a black sports strap, fascia gun, fitness first club 7 days free workout, 20 % discount for F&B at all 8 outlets in Shangri-La Hotel, Earbuds Lost Worry Free, and exclusive watch face disc up to 95%. However, you should know that free gift cannot be exchanged in any form or compensation and has no warranty.
Also, the Lost Worry Free offer enables you no need to worry about losing one earbud because it can be purchased separately without having to buy 1 new unit at once.
Below you can check all of the pre-order options for the upcoming Huawei Watch Buds smartwatch.
Let’s check all of the reasons to buy Huawei Watch buds:
- Innovative pop-up design with high build quality and luxury with the 760 Clous De Paris design.
- Lightweight buds with clear and stable audio quality
- AI Noise Cancellation Calling feature for clear calling anywhere without barriers.
- Innovative feature Auricle Touch Control, tap on the auricle or the bone around the ear area to control the audio.
- 24/7 Health & Workout Monitoring
- The 1-time charge for 2 devices at once, for a maximum of 3 days of use
- Connect with 4 devices at once at one time
- Easy to connect with all OS, including HarmonyOS, Android, and iOS
- Worth the Money: The total benefit of the Huawei VIP Premium Reward is worth IDR 2 Million.