Swiped by Huawei! On the afternoon of March 28, Huawei held a 2021 financial report press conference, and Meng Wanzhou, vice chairman and CFO of the company, announced that huawei would achieve a total revenue of 636.8 billion yuan and a net profit of 113.7 billion yuan in 2021, an increase of 75.9% year-on-year. For a time, the market was brushed by Huawei, and the entry of "Meng Wanzhou attending the Huawei annual report conference" was rushed to the Weibo hot search. In terms of Huawei's announced performance, the company's profitability in 2021 is gratifying, which also makes those A-share listed companies that rely on Huawei for revenue "laugh". Beijing Business Daily reporter found through Wind statistics that as far as the 2020 annual report is concerned, the first major customer of 12 companies such as Zhongwang Software, Canqin Technology, Zhongfu Circuit, and Hehui Optoelectronics in A-shares is Huawei, of which Huawei's contribution to 3 companies such as Canqin Technology, iSoftStone, and Qiangrui Technology accounts for more than 50%. From the perspective of the industry classification of the above companies, the information technology industry is the majority, followed by industry, and there is also an optional consumer industry.
Huawei is whose number one customer
According to Wind statistics, according to the 2020 annual report, the first major customer of a total of 12 A-share companies is Huawei.
At 16:30 on March 28, Huawei held a 2021 financial report conference, the company's vice chairman, CFO Meng Wanzhou attended, at the press conference, Meng Wanzhou announced that in 2021, Huawei achieved a total revenue of 636.8 billion yuan, down 28.6% year-on-year, achieved a net profit of 113.7 billion yuan, an increase of 75.9% year-on-year, and an asset-liability ratio of 57.8%. Among them, the operator business, enterprise business and consumer business achieved revenue of 281.5 billion yuan, 102.4 billion yuan and 243.4 billion yuan respectively.
The sharp increase in net profit has also made those A-share companies that rely on Huawei for revenue happy.
Since some companies have not yet disclosed the 2021 annual report, and the information disclosure in the 2021 semi-annual report is not perfect, the 2020 annual report is temporarily taken as the statistical caliber, and according to Wind statistics, Huawei is the largest customer of 12 A-share companies such as iSoftStone, Zhongwang Software, Canqin Technology, Fuji-ta, Dongfang Zhongke, Zhongfu Circuit, Hehui Optoelectronics, Kunheng Shunwei, Kaiyuan Education, Qiangrui Technology, Lihexing, and Shenling Environment.
Wang Chikun, an independent economist, told the Beijing Business Daily reporter that for A-share companies, the strong growth of the performance of large customers is undoubtedly a positive factor.
From the perspective of sales revenue, Huawei's contribution to Three companies, such as Canqin Technology, iSoftStone, and Qiangrui Technology, is higher, all of which are more than 50%; in addition, the revenue contributed to Lihexing and Zhongfu Circuit is more than 40%, the revenue contributed to Fuji-ta is more than 30%, the revenue contributed to Hehui Optoelectronics and Shenling Environment is more than 20%, and the revenue contributed to Kunheng Shunwei is nearly 20%.
In contrast, Huawei's contribution to three companies, such as Zhongwang Software, Oriental Zhongke, and Kaiyuan Education, accounts for a relatively low proportion, which is less than 10%.
In 2020, it contributed more than 90% of its revenue to Canqin Technology
It is worth mentioning that in 2020, Huawei contributed more than 90% of its revenue to Brite Technology.
According to the data, Canqin Technology landed on the Science and Technology Innovation Board on November 16, 2021, the company is mainly engaged in the research and development, production and sales of microwave dielectric ceramic components, products include dielectric waveguide filters, TEM dielectric filters, dielectric resonators, dielectric antennas and other components, mainly used for the reception, transmission and processing of RF signals, and are widely used in mobile communications, radar and RF circuits. Among them, the dielectric waveguide filter, the main product of Canqin Technology, is one of the core RF devices of 5G macro base stations.
From 2018 to 2020 and the first half of 2021, The operating income of Canqin Technology was about 271 million yuan, 1.408 billion yuan, 1.042 billion yuan and 186 million yuan, respectively, and the corresponding attributable net profit was about 77.9442 million yuan, 745 million yuan, 266 million yuan and 56.5406 million yuan, respectively.
According to Canqin Technology, the company's main customers are Huawei, CommScope Communications, Rosenberg, China Electronics, Datang Mobile, etc. In each period of the reporting period, due to the relative concentration of downstream mobile communication equipment manufacturers, the company's revenue from the top five customers accounted for 79.82%, 97.10%, 96.31% and 88.14% of the operating income, respectively, of which the revenue from the first major customer Huawei accounted for 50.87%, 91.34%, 90.08% and 67.27% of the operating income, respectively, and the company's sales revenue depended on the first largest customer Huawei during the reporting period.
Canqin Technology also admitted that during the reporting period, the substantial growth of the company's operating performance mainly depended on the rapid growth of sales revenue to Huawei, and the company mainly sold ceramic dielectric filter products to Huawei. Bu Naxin, vice president of the Science and Technology Industry Investment Branch of the China International Association for the Promotion of Science and Technology and executive director of the Strategic Investment Think Tank, told the Beijing Business Daily reporter that the sales revenue of a single customer exceeds five achievements constitute a major dependence, and the operation of the large customer will directly affect the company's performance.
According to the prospectus, ceramic dielectric filter is the main product of Canqin Technology, accounting for 67.06%, 95.01%, 94.37% and 83.62% of the company's main business revenue during the reporting period, the gross profit margin is 70.24%, 68.82%, 54.87% and 42%, and the average sales unit price is constantly declining, which is 50.89 yuan / only, 44.11 yuan / only, 27.06 yuan / only and 23.85 yuan / only.
In response to related questions, the Beijing Business Daily reporter called Canqin Technology for an interview, but no one answered.
The information technology industry is the majority
Judging from the industry classification of the above 12 companies, the information technology industry is the majority.
According to the Wind industry, iSoftStone, Zhongwang Software, Canqin Technology, Fujita, Oriental Zhongke, Zhongfu Circuit, Hehui Optoelectronics, Kunheng Shunwei and other 8 A-share companies belong to the information technology industry, of which iSoftStone, Zhongwang Software belong to the software and services under the information technology industry, and the remaining 6 companies belong to the technical hardware and equipment under the information technology industry.
Taking Zhongwang Software as an example, the company is mainly engaged in the research and development, promotion and sales of CAD/CAM/CAE and other R&D and design industrial software, mainly through the permanent authorization model to sell software products to customers and charge licensing fees, in 2020, the company's sales to Huawei is 18.3388 million yuan, accounting for 4.02% of the total annual sales, Huawei is the company's largest customer that year.
Qiangrui Technology, Lihexing, Shenling Environment 3 companies belong to the industrial industry under the capital goods - machinery - industrial machinery. For example, Qiangrui Technology is mainly engaged in tooling and testing fixtures and equipment research and development, design, production and sales, is committed to providing customers with automated production, improve production efficiency and yield rate of fixtures and equipment products, 2018-2020 in the mobile terminal electronic products and network communication products two application areas, Huawei are the company's largest customer, during the reporting period, the company's sales to Huawei accounted for 82.65%, 87.25% and 54.72%, accounting for more than 50%.
However, in the first half of 2021, the proportion of Qiangrui Technology's sales to Huawei decreased significantly, falling to 18.35%.
New Century Education is a company that belongs to the optional consumer industry under the consumer service - integrated consumer service - education service.
According to the data, Kaiyuan Education is a nationwide chain of vocational education institutions, which has built three major operation centers in Guangzhou, Beijing and Changsha, opened nearly 456 campuses in 26 provinces and cities and 163 cities across the country, and has a teaching and teaching team of 2014 people, with a total number of 6128 employees. In 2020, Huawei is the company's largest customer, contributing sales of 2.6438 million yuan to the company.
Beijing Business Daily reporter Ma Changchang
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