LCD Display Inverter

Display Inverter / VGA Board / LCD Controller

Huawei’s revenue in the first three quarters was 455.8 billion yuan, down 32.1% year-on-year

On October 29, Huawei officially released its financial report for the first three quarters of 2021. The financial report shows that in the first three quarters, Huawei achieved sales revenue of 455.8 billion yuan, a decrease of 215.5 billion yuan compared with 671.3 billion yuan in the same period last year, and the net profit margin was 10.2% (that is, the net profit was 46.49 billion yuan). In the same period, it was 8.0%, a year-on-year increase of 2.2%.

Guo Ping, Huawei’s rotating chairman, said: “The overall operating results are in line with expectations. To C business has been greatly affected, and To B business has performed steadily. We will continue to strengthen technological innovation, R&D investment and talent attraction, and continuously improve operational efficiency. We are confident Can continue to create value for customers and society.”

In comparison, Huawei’s performance in the first, second, and third quarters of this year were as follows: in the first quarter of 2021, it achieved sales revenue of 152.2 billion yuan, a year-on-year decrease of 16.5%, but Huawei’s net profit margin has increased. The net profit margin in the quarter was 11.1% (that is, the net profit was 16.89 billion yuan), a year-on-year increase of 3.8 percentage points; in the second quarter of this year, Huawei’s sales revenue was 168.2 billion yuan, and the net profit (14.51 billion yuan) The rate is about 8.6%; in the third quarter of this year, Huawei’s sales revenue was about 135.4 billion yuan, and the net profit (15.09 billion yuan) rate was 11.14%. Compared with the second quarter, Huawei’s sales revenue in the third quarter decreased by 32.8 billion yuan, down 19.5% from the previous quarter. However, the profit margin increased by 2.54 percentage points month-on-month.

As we all know, Huawei is an information and communication technology (ICT) solution provider, focusing on the ICT field, mainly engaged in the research, development, sales, and service of high-tech products. End-to-end solution.

Judging from the recent decline in Huawei’s consumer business, this business segment may have been seriously affected. In September of this year, Xu Zhijun, Huawei’s rotating chairman, said: “Huawei will not give up the mobile phone business, nor will it sell the mobile phone business. We are working hard, and working hard, to get the mobile phone business back on track at an appropriate time.”

It is worth noting that on the same day that Huawei’s operating results were released, the US Senate had passed the “2021 Security Act”. The bill, citing “security threats” as a pretext, barred the FCC from reviewing or issuing new equipment licenses to companies on “covered equipment or service lists” such as Huawei and ZTE.

However, the United States has opened some controls to Huawei on technology exports, except in the field of communication networks. On October 21, Eastern Time, according to the U.S. Congressional hearing documents, the U.S. agreed to 113 export licenses worth $61 billion for suppliers to sell to Huawei. Earlier, according to Reuters, the United States had approved hundreds of millions of dollars in license applications from suppliers to allow it to sell chips used in auto parts to Huawei.

Of course, although the mobile phone business, which was originally regarded as the most important revenue segment, has declined, Huawei has also begun to actively develop businesses other than mobile phones, including cloud business, electric vehicles, etc., but it will take some time for these new product lines to develop. It worked.

The Links:   CM50MXB2-24A G084SN05V1