Semi-annual report core data
In the first half of the year, the sales revenue was 401.3 billion yuan, a year-on-year increase of 23.2%, and the net profit margin was 8.7%.
In the first half of the year, consumer business income was 220.8 billion yuan. intelligentMobile phoneShipments reached 118 million units, up 24% year-on-year, with flat shipments up 10%, PCs up 3 times, and wearables up 2 times.
In the first half of the year, the operator's business income was 146.5 billion yuan. 50 commercial 5G contracts have been obtained, and more than 150,000 global base stations are shipped.
The business income of the company in the first half of the year was 31.6 billion yuan
It plans to invest 120 billion yuan in research and development this year.
Confident in the future
“Before May, Huawei’s revenue grew rapidly. After the entity inventory incident, it also achieved growth because of market inertia.” Liang Hua said that Huawei’s difficulties are still very large, and these difficulties may temporarily affect our pace of progress. However, it will not change the way forward. We are full of confidence in the future and will continue to invest in the future. We plan to invest 120 billion yuan in research and development in 2019. "I believe that after overcoming short-term difficulties and challenges, Huawei will enter a new period of development."
Liang Hua said that except for a small number of businesses, the company's overall impact is not too great. The financial indicators are relatively good and have achieved effective growth. In terms of company response and guarantee of supply continuity, Huawei still guarantees the delivery of customers, and does not stop production one day, and does not interrupt the delivery of customers.
He admits that Huawei still faces many difficulties, and the pressure in the second half and next year is still relatively large. To switch between manpower and material resources, the supply chain protection may have a certain impact on the annual performance. But will continue to fill the hole. He said that the Huawei operator's business hole is almost filled, and the consumer business is making up the hole.
At the end of the speech, Huawei Chairman Liang Hua said, "Huawei has no retreat. We are only determined to move forward. We firmly believe that we will win."
Android and GPS have not resumed supply in the US
Regarding the list of entities in the United States, Huawei’s director and chief supply officer Yao Fuhai said that the consumer business is making up the hole and the US supply chain is recovering. US President Trump said that the approval is speeded up and the time limit promised by them is expected. Huawei is very welcome in the process of continuous recovery.
Liang Hua, chairman of Huawei, added that the simple alternative devices in the consumer business have been restored, but the key devices have not been restored, such as Android, GPS. The Mate 20 X 5G version, which was just released recently, has been licensed by Android before the US ban. Whether the folding screen 5G mobile phone Mate X will be equipped with Android in the future depends on whether the US government allows Huawei to carry Android.
He revealed that Huawei's smartphone overseas business has now returned to the 80% level before the ban, and it faces challenges in the second half of the year. "If Google allows Huawei to use Android, Huawei will prefer it; if not allowed, Huawei will also be able to develop its own operating system and ecosystem."
If the US still disables Android, Huawei phones may use Hongmeng system.
Liang Hua, chairman of Huawei, said that although the supply is affected, Huawei's smartphone business will still be in the global market, not just the Chinese market. In the global market, providing consumer services such as smartphones, this strategy will not change. The overseas Android ecosystem is different from China. Huawei will also develop different strategies according to different situations.
For Hongmeng system, Liang Hua said that at first it was an operating system developed for the Internet of Things, which was applied in scenarios such as autonomous driving, telemedicine, and industrial control. In the future, Huawei's mobile operating system will make decisions based on different products. He said that the Hongmeng system is not a gimmick, nor is it just a negotiation strategy for the United States. If the United States allows it, Huawei will still use the Android system; if it is not allowed, Huawei will have the ability to apply the Hongmeng system to future mobile phone products.
The smartphone market will not be a big one
Liang Hua, chairman of Huawei, said that consumer goods need consumers to sell, and it is not Huawei's pursuit to occupy a large share. He believes that in the future, the smart phone market will not be a big one, and consumer goods need to compete, according to the development needs of consumers' future needs. For example, in the fields of photographing, hardware, software, ecology, etc., providing consumers with value and convenience, and making technical investments, this is the basis for establishing a market.
"Consumers love Huawei smartphones. Our technology is leading, products and experience are better. This is Huawei's pressure. We will provide better products and services to give back to consumers." Liang Hua said.
5G products are not affected by the ban
Liang Hua, chairman of Huawei, said that Huawei's 5G products and supplies have not received the US ban. After the entity list, Huawei still obtained 11 5G commercial contracts. He said that Huawei is confident to stay ahead of 5G technology and products to provide better services to customers.
For the performance in the second half of the year, he admitted that he may face some challenges, depending on the progress of the business hole. “The growth rate in the second half of the year is not good, but I have confidence in the company’s performance throughout the year.”