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Huawei 2021 revenue fall by 28.9 percent on year to RMB 634 billion
A report from Chinese media reveals that Huawei 2021 revenue fell 28.9 percent year on year to 634 billion yuan, in the fourth quarter of this year. The recent in total saw a decline of 19 percent to 178.2 billion in the quarter.
The 2021 Huawei revenue figure reflects current losses due to the U.S. sanctions and issues that have been generated by the important curbs. Therefore, the company cannot generate new products and sell them in the market.
To mark this occasion, Huawei’s Rotating Chairman, Guo Ping has released the 2022 New year Speech. In which, the head of the company estimates that sales revenue in 2921 will be approximately 634 billion yuan. Among all of the businesses, the telecom business remains strong, and cooperate business is growing well, meanwhile, the device business is making new efforts to find growth sources in the industry.
“We will not change our ideals and pursuits due to changes in the external environment. Exploring the future is the greatest social responsibility of technology companies. Engineering bottleneck.” said Guo.
Guo further enhanced his tone and try to pump up new energy in the employees with his speech.
Below you can check his full speech (translated from Chinese) on the 2021 Huawei revenue
In 2021, we have withstood the severe test, strive to create value for customers and society, and improve the quality and efficiency of operation. It is estimated that the annual sales revenue will be approximately RMB 634 billion.
Among them, the operator’s business performance is stable, the corporate business is growing healthily, and the terminal business is rapidly developing new industries. Our cooperation with customers and partners continues to deepen, our global business is operating normally, and various reform measures and strategic investments are proceeding in an orderly manner. The company’s overall operating conditions are in line with expectations.
In the past year, global employees have overcome challenges, spared no effort to ensure the supply of equipment and the safe operation of the network, and fulfilled their promises to customers. Kuwait has a high temperature of 50 degrees in summer and cannot be delivered during the day.
Huawei people often work at the station at 4 a.m. when the Philippine epidemic is cut off, we charter flights to areas where delivery is difficult, and cross the island by various means of transportation such as small steamers and crab boats.
Install equipment during the Tokyo Olympics, engineers carried more than ten kilograms of equipment on foot to repeatedly test and ensure communications. Stick to the front-line team in Malawi, a country of “mosquito tornado”, to help customers solve business difficulties and obtain high recognition.
Rescued Henan Huawei employees have worked hard to implement the company’s vision and mission with their own actions, such as flooding, going deep into coal mine ports, breaking the limits of algorithms, and ensuring business continuity.
The sharper the beat on the flint, the brighter the light it emits. Here, on behalf of the company’s board of directors, I would like to extend my high regards to all those who have worked hard and contributors, and express my heartfelt gratitude to all customers, governments, business partners, and consumers who trust and support Huawei, and to those who silently support Huawei. Salute to the employees’ family members!
Looking to the future, the digital economy has become the main engine of global economic growth, and green and low-carbon has become a new driving force for sustainable development.
The integration of industry digitization and green will bring huge development opportunities to the information processing and communication industries; at the same time, The external environment continues to be turbulent, and the ICT industry is facing challenges such as technological politicization and globalization. We must maintain strategic determination and rationally respond to external force majeure.
We will not change our ideals and pursuits because of changes in the external environment. Exploring the future is the biggest social responsibility of science and technology companies. We must strive to explore the endless frontiers of science and technology, open cooperation with the world, and break through basic theoretical limits and engineering bottlenecks.
We are also committed to applying ICT technology to thousands of industries through digitalization and intelligence. Upgrading and green energy saving and emission reduction create incremental value for all walks of life so that everyone can benefit from technological progress.
Strategically, Huawei insists on focusing on ICT infrastructure and smart terminals. While maintaining the advantages of a large platform, through pilot operations of industrial subsidiaries and legions, it shortens the management chain, quickly meets customer needs and creates commercial and social value. Within the company, the Legion represents the industry to find suitable technologies.
For customers, the Legion represents Huawei and partners to find solutions to problems. Bring the simplicity to the customer, and leave the complexity to yourself.
In 2022, we are still facing a series of challenges. We will work closely with our global partners and make unremitting efforts to overcome the difficulties together. In the new year, we must produce more food, strengthen our foundation, continue to invest in the future, and “survive and survive with quality” by creating value for customers and partners.
Recently, China’s Opple Lighting and Huawei Cloud signed a comprehensive cooperation agreement. The two companies will combine Huawei Cloud technologies for cloud computing, smart IoT, AI, and digital transformation practices.
The criteria of this agreement are to carry out comprehensive cooperation in Opple Lighting’s digital transformation, smart stores, digital supply chain, and security construction to achieve complementary advantages.
Opple Lighting has made steady progress in the digital transformation of enterprises and achieved certain results.
In 2021, Opple Lighting will fully launch the transformation of digital intelligence and is committed to promoting the comprehensive digitalization of enterprises through the promotion of three major topics:
- Marketing digitalization
- Supply chain digitalization
- Digital operation
Currently, it has achieved continuous optimization of enterprise operating efficiency, the rapid growth of smart lighting-related business scale, promoted iterative upgrading of technological innovation and empowered high-quality development of enterprises.
Opple Lighting actively promotes the application of smart technologies such as cloud computing, IoT, AI, and AR in the park, and has basically adapted the amortization of fire protection applications and workshop management in the production base.
Among these, South China Park will see digital, intelligent, green, and low-carbon 5G smart park, inherit the smartness of the whole process, comprehensively improve the efficiency of the supply chain, and strive to become the industry benchmark for intelligent manufacturing.
In recent years, the rapid development of artificial intelligence has affected all walks of life.
Intelligent lighting has become the core component of the whole house intelligent system because of its high efficiency and compatibility, multi-scene coverage, automatic dimming, and atmosphere creation, and it has accelerated its integration into home life.
As a leading company in the lighting industry, Opple Lighting invests an average of more than 300 million yuan in research and development each year.
It has always regarded intelligent lighting as an important strategy for enterprise development and has won the National Key Laboratory, National Enterprise Technology Center, National High-tech Enterprise, and Zhongshan City Recognition of digital intelligent demonstration factory.
This cooperation between Huawei and Oppo Lighting is based on the professional capabilities to explore more possibilities for digitalization and intelligence to help enterprises develop in a win-win manner.
It also integrates the practical experience and technology of both parties over the years and fulfills the development mission.
Work Together:
In the future, Opple Lighting will work together with Huawei to create better industry solutions and provide consumers with intelligent, personalized, and high-quality smart home new experiences.
Moreover, Apple Lighting will continue to increase its exploration in the field of intelligence, build an open and interconnected home ecology with more partners in the smart ecosystem, empower the high-quality development of the industry with digital innovation, and continue to create value with light.
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.
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
Alternate directors
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.
(via)