On March 31, 2021, Huawei announced its annual earnings report for the year 2020, in which the company showcased its business records as well as profit for different businesses division.
As per the data revealed by the company, the earnings of Huawei reached 891.4 billion yuan with a year-on-year growth of 3.8% in the global market and the net profit was 64.6 billion yuan with a year-on-year increase of 3.2%. The CFO (cash flow from operating activities) was 35.2 billion yuan.
Huawei said, despite the difficulties put by US sanctions in 2019 and 2020, Huawei has continued to invite KPMG to independently and objectively audit our financial statements.
The document produced by KPMG is a standard unmodified audit opinion. No matter the circumstances, we will continue to embrace transparency by disclosing operational data to governments, customers, suppliers, employees, and partners.
At the conference, the Vice-Chairman and the rotating chairman of Huawei, Hu Houkun claimed that HMS (Huawei mobile services) has become a very popular mobile application ecosystem in 2020, obtaining a third place in the world.
In 2020, Huawei’s carrier business continued to ensure that stable operations of more than 1500 networks across more than 170 countries and regions, which helped support telework, online learning, and online shopping throughout COVID 19 lockdown.
Working together with carriers around the world, the company helped provide a superior connected experience and moved forward with more than 3,000 5G innovation projects in over 20 industries like coal mining, steel production, ports, and manufacturing.
During the pandemic, Huawei provided technical expertise and solutions that were vital in the fight against the virus. One example is an AI-assisted diagnostic solution based on Huawei Cloud that helped hospitals the world over reduce the pressure on their medical infrastructure.
Huawei also said that it worked with partners to launch cloud-based online learning platforms for more than 50 million primary and secondary school students.
Furthermore, the Chinese tech giant reminded everyone about its self-developed operating system, HarmonyOS, and the app ecosystem, Huawei Mobile Services (HMS). Saying that Huawei’s consumer Business moved forward with its Seamless AI Life strategy (1+8+N) to provide consumers with an AI experience across all devices and scenarios, focusing on smart office, fitness & health, smart home, easy travel, and entertainment.
“Over the past year we’ve held strong in the face of adversity,” said Ken Hu, Huawei’s Rotating Chairman. “We’ve kept innovating to create value for our customers, to help fight the pandemic, and to support both economic recovery and social progress around the world. We also took this opportunity to further enhance our operations, leading to a performance that was largely in line with the forecast.
“We will continue to work closely with our customers and partners to support social progress, economic growth, and sustainable development.”
Huawei takes Sunshine Computers to court for infringement
On 22nd September, a trademark infringement case between Huawei Technologies and Sunshine Computers comes to light. The civil court made the first instance judgment and announce the decision in Huawei’s favor.
According to the information, plaintiff Huawei takes the defendant Sunshine computers to court for infringement of its exclusive rights. The plaintiff claimed that its trademark is been used without the company’s concerns.
Huawei claims that Sunshine Computer Technology conspicuously used the company registered trademark “Huawei” without taking consent. Moving ahead, both parties are related to the same field and provides likewise kinds of services.
As the company didn’t approve the defendant to use the trademark, it’s infringing on the exclusive right to use this cited trademark.
Coming to the defendant’s part, it explains that the placement supplies were provided by the Huawei Loudi Company. Furthermore, the decoration was all completed by Huawei. Besides, the defendant also applied a counterclaim in court.
First Instance Verdict:
Department of Economic Damage of Guangdong announces this verdict. The court didn’t found any exact prove like an agreement or any written deal between both parties. Therefore, Sunshine Computer Technology is proven to uses the trademark with official permission.
The court instructed the defendant to instantly stopped using the plaintiff’s trademarks without his consult. Moreover, to reflects on the action defendant has to pay the compensation amount of 5,000 Yuan.
About Sunshine Computers:
Linked with computer-related parts and marketing this branch belongs to Sunshine Computer Technology Business Departmentinvoalved in this case. As per the data, it locates in Loudi City of Hunan province China.
50 Irish students will get Huawei scholarship worth €5,000 in Ireland
Huawei initiates a scholarship program for Irish students under its seeds for the Future 2021 activity. A total of 50 Irish students would be provided with a chance to avail themselves of scholar benefits and be a part of Huawei activities.
Luke McDonnell who is a senior communications manager at Huawei Ireland, sees this campaign for cultivating and rewarding future talents. He commented, the company is determined of empowering ICT technologies in Ireland, furthermore, it’s also encouraging the students to polish their skills and knowledge.
According to the news, Ireland is the first country in western Europe to receive this scholarship initiative. The company is hosting this program since 2015 in different countries, now it selects Ireland.
Moving ahead, the company has provided a pleasant capital of 250,000 in academic privileges. Selected top 50 students will be granted €5,000 each in this criteria. Participants have to complete an online course in a week that will start on 18th October and concluded on 26th October.
- Selected students will receive virtual Huawei campuses tours
- Opportunity to explore smart cities, AI, cloud computing, 5G and, IoT
- Guidance from Huawei senior engineers or guest speakers
- Huawei flagship store in Shenzhen visit
- Insights on modern Chinese business culture
- Coaching to learn Mandarin and calligraphy
Besides, the offered course will be based on STEM science, technology, engineering, and mathematics. It’ll help them to develop their understanding of the ICT industry and know about Chinese culture.
Additionally, participants will also get a chance to be a part of Huawei’s Tech4Good project in team activities. It’ll let them know about the technical solutions for social and environmental problems. Moreover, it’ll the last chance to present their view encapsulated in a project to get the eligibility for the school.
- All undergraduate and postgraduate students in Ireland can apply for the scholarship
- The deadline for registration until 14 October on Thursday
- Applicants have to send their CV along with a short video about their interest
- Submission Address- firstname.lastname@example.org
- The course will start on 18th October
Huawei will not sell its smartphone business nor it’ll stop producing new ones: Chairman
During the Huawei Connect Event 2021, the Rotating Chairman Xu Zhijun and Huawei China Region President Lu Yon confront media on a specific question “about the sell of smartphone business due to certain issues”
Xu said that Huawei will not sell its smartphone business nor it’ll stop making new smartphones. He further mentioned that Huawei’s phone market and phones are indeed facing deep challenges and 5G Huawei phones are difficult to purchase at the moment.
Even after these difficulties, Huawei will not give up or sell on its phone business and will work hard to bring back the prowess of consumer business on track in due course.
“Wait for a few years because at least you have to have a dream and an aim that will keep you motivated” expressed Xu.
In May 2019, Huawei was added to the U.S. Entity List, the list is officially designed to counter Huawei’s surge in both network and smartphone business. Thereafter, Huawei was unable to purchase the required components and software services to build new devices in both the ICT and consumer sectors.
Aside from other crucial components, Huawei felt an immense shortage of chipset and Google proprietary software services. Even after these challenges, Huawei established its supply chain with different global suppliers. However, the U.S. expanded the reach of Entity List in 2020 and barred the company from printing new chipsets via chip makers such as TSMC.
This forced Huawei to drop manufacturing of its flagship chipset – Kirin by the end of 2020. Thereafter, Huawei consuming the chip stack that it has gather before the last round of sanctions.
During the launch of HarmonyOS on June 2, Huawei officially announced new devices with Qualcomm chipsets. Later on, the Huawei P50 Pro flagship was also unveiled with Qualcomm processors. Amid all of the issues, Huawei’s new phones also cannot access the 5G network, which has become a major lack of selling point for its smartphone despite all of the power-packed specifications.
Still, the company has decided to move further on this road and we’ll wait to see what Huawei can usher in the time of such difficulties.