Introduction
Meng Wanzhou was promoted to Huawei's rotating chairman, and Ren Zhengfei once said that she had no technical background and would not become a successor.
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The latest information on Huawei's official website shows that Huawei CFO Meng Wanzhou serves as the rotating chairman. It is reported that the rotating chairman, who belongs to the highest position of Huawei's top management, is huawei's top leader during the period of duty, responsible for presiding over the board of directors and the standing committee of the board of directors, and each rotating term of office is 6 months.
Meng Wanzhou became Huawei's rotating chairman
According to the news on the evening of April 1, Huawei's latest announcement shows that the election of the board of supervisors has been completed, and Guo Ping, the former rotating chairman of the board, has been elected as the chairman of the company's board of supervisors. Meng Wanzhou added the rotating chairman position in addition to Huawei's CFO (chief financial officer) and vice chairman, alongside the other two rotating chairmen, Hu Houkun and Xu Zhijun.
It is understood that this is the first time that Huawei has changed its rotating chairman since it began to implement the rotating chairman system in 2018. On March 31, Huawei announced that according to the company's rotating chairmanship system, Mr. Hu Houkun will be the rotating chairman from April 1, 2022 to September 30, 2022.
Therefore, according to the current arrangement, Meng Wanzhou is expected to be on duty for the first time on April 1, 2023.
After the announcement, a Huawei spokesperson said that the company is committed to optimizing and improving the internal governance structure to make the company's foundation evergreen, and the change of the board of supervisors is a work that promotes corporate governance in an orderly manner in accordance with the charter. Huawei's Supervisory Board is the company's highest supervisory body and exercises its supervisory powers on behalf of shareholders. The Supervisory Board is positioned to be responsible for the survival and development of the company, and its basic functions include leadership management, business review and strategic foresight. The members of the Supervisory Board are elected by the Shareholding Employees' Representative Council and voted by the Shareholders' Meeting. The Board of Supervisors shall have a Standing Committee, which shall carry out its daily work under the authorization of the Board of Supervisors.
According to Huawei's official website, Meng Wanzhou graduated from Huazhong University of Science and Technology with a master's degree. He joined Huawei in 1993. He has served as the company's international accounting director, the chief financial officer of Huawei Hong Kong company, and the president of the accounting management department. He is currently the vice chairman, rotating chairman and CFO of the company.
Since 2003, Meng Wanzhou has led the establishment of a globally unified Organizational Structure, Process, System, and IT Platform for Huawei Finance. From 2007 to 2014, Meng Wanzhou implemented the IFS (Integrated Financial Services) reform in Huawei globally, making refined management one of huawei's genes for continuous growth.
In 2014, Meng Wanzhou led Huawei's data reform, established a sound data management system, and realized "counting out a hole" to make data a strategic asset of the company. During the same period, through the internal control of financial reports, the consistency of accounts, capital management and tax management and other reform projects, she enabled the financial organization to become a business partner and value integrator, supporting the company's business to achieve rapid and steady development in the world.
Since 2019, matching the company's strategic foresight and long-term development plan, Meng Wanzhou has built an overall blueprint for financial digitalization. Through the risk probe and risk control model, a contactless risk control system is established; an agile operation management system is established, which realizes intelligent operation management and decision-making based on data and AI algorithms; and an integrated platform for financial and economic combat command is established to realize coordinated operations and three-dimensional command of key financial operation scenarios based on data transparency and real-time interaction.
Under her leadership, Huawei Finance has become the world's leading digital and intelligent financial organization, creating a solid and reliable business foundation for Huawei and helping the company realize its strategy in the new era.
On March 28, Huawei held its 2021 annual report press conference. According to Huawei's 2021 annual report, huawei achieved global sales revenue of 636.8 billion yuan and net profit of 113.7 billion yuan in 2021, an increase of 75.9% year-on-year. It is worth mentioning that Huawei has continued to increase R&D investment, with R&D investment reaching 142.7 billion yuan in 2021, accounting for 22.4% of the annual revenue, and the cumulative R&D expenditure invested in the past decade has exceeded 845 billion yuan.
Meng Wanzhou said at the meeting: "Our scale has become smaller, but our profitability and cash flow acquisition capabilities are increasing, and the company's ability to cope with uncertainty is constantly improving. "Thanks to the improvement in the profitability of the main business, Huawei's operating cash flow has increased significantly in 2021, reaching 59.7 billion yuan; the asset-liability ratio has been reduced to 57.8%, and the resilience and resilience of the overall financial structure are strengthening."
Huawei's "core" changes
It is worth noting that according to huawei's 2021 annual report, Huawei also listed the latest business architecture diagram, in which the terminal chip business department "HiSilicon (Shanghai HiSilicon Technology Co., Ltd.)", which was originally affiliated with Huawei's CBG (Huawei Consumer Business Unit), was independent and became a first-level department alongside Huawei's cloud computing and intelligent vehicle solution BU.
Each of Huawei's business adjustments heralds a reconfiguration of its strategic focus. For a long time in the past, HiSilicon was only a department under Huawei's 2012 lab, and the most high-end products were also self-use. Now, Huawei has listed HiSilicon as a first-level business department, which largely indicates that in the future, Huawei's chip products will be adjusted from "partial commercial" to "comprehensive commercial", and Huawei will continue to increase talent investment and technical investment in the chip field.
The original Huawei service architecture diagram is as follows:
As can be seen from the figure, Huawei's first-level departments now include: carrier BG, enterprise BG, ICT products and solutions, terminal BG, Huawei cloud computing, digital energy, intelligent vehicle solution BU, and HiSilicon, a total of eight first-level departments. According to the 2021 business architecture, HiSilicon is positioned to provide end-to-end board-level chip and module solutions such as perception, connection, computing, and display for intelligent terminals, display panels, home appliances, automotive electronics and other industries, undertake the responsibilities of R&D, marketing, ecological development, sales and service of the chip and module industries, and be responsible for business results, risks, market competitiveness and customer satisfaction.
HiSilicon is the semiconductor subsidiary behind Huawei, which carries the research and development and sales of Huawei chips.
In 2020, the U.S. Department of Commerce placed Huawei on the entity list for export controls. Since the chip ban came into effect, HiSilicon chip production has encountered obstacles, and its market share has been continuously eroded by competitors such as Qualcomm and MediaTek.
According to Strategy Analytics, in the first quarter of 2021, Huawei HiSilicon's smartphone processor shipments fell by 88% compared with the same period in 2020; correspondingly, HiSilicon's revenue in the first quarter of 2021 was only $385 million, down 87% from the same period last year.
In the list of global smartphone application chip shipments in the fourth quarter of 2021, the top three were occupied by MediaTek, Qualcomm, and Apple, while Huawei HiSilicon's market share was only 1%.
In April last year, Huawei held a global analyst conference (HAS 2021), at that time, Huawei's rotating chairman Xu Zhijun said that Huawei's current strategic goal is to survive, and to survive it requires solving a large number of technical problems. Xu Zhijun also mentioned: "HiSilicon is only a chip design department in Huawei, not a profitable institution, we have no profit appeal to it, as long as we live, we will always raise it, and we will also absorb excellent talents to join, lay the foundation for the future, prepare." ”
At the Huawei 2021 annual report press conference on March 28, when talking about chip supply-related issues, Guo Ping, Huawei's rotating chairman, said that the UNITED States has brought great difficulties to Huawei for many years of sanctions, especially Huawei's mobile phone business, because mobile phone chips need to have strong computing power, low power consumption and small volume demand, Huawei still has difficulties in obtaining. But To B business continuity is still guaranteed. While actively discussing the sustainable development of mobile phones with relevant parties, Huawei is also exploring the possibility of development in wearable and other fields, the company's wearable watch bracelet has more than 100 million users, and the company will look for new development opportunities in several new areas. In addition, he said that Huawei will invest in three reconstructions in the future, using stacking, area for performance, and using less advanced processes to make Huawei's products competitive.
In addition, in 2021, in addition to picking out HiSilicon separately, the original consumer BG was also removed, and multiple departments such as terminal BG and Huawei cloud computing were responsible, and a series of adjustments were made to the functional platform.
Attached: Huawei's new first-level department division of responsibilities
Operator BG and Enterprise BG are the management and supporting organizations of solution marketing, sales and service for operator customers and enterprise/industry customers respectively, providing innovative, differentiated and leading solutions for the business characteristics and business rules of different customers, and continuously improving the company's industry competitiveness and customer satisfaction.
ICT Products and Solutions is an organization of ICT infrastructure-related products and solutions for operators and enterprise/industry customers, responsible for product planning, development and delivery and competitiveness construction, committed to creating the world's leading ICT infrastructure products and solutions such as connectivity and computing, building a digital infrastructure ecology around Kunpeng, Ascend and Euler basic software, becoming the computing power base of the digital world, creating a better business experience for users, and enabling customers to succeed in business.
Terminal BG is the company's end-to-end business organization for end product users and ecological partners, responsible for business results, risks, market competitiveness and customer satisfaction. With users as the center, we create a full-scenario intelligent life experience, focusing on five major scenarios of smart office, smart home, smart travel, sports and health, and audio-visual entertainment, to achieve a commercial closed loop of user experience and services.
Huawei Cloud Computing is responsible for the end-to-end operation and commercial success of HUAWEI CLOUD services, building cloud industry organizations and capabilities (R&D, sales, consulting, service, supply, etc.), and is committed to providing stable, reliable, secure, credible, and sustainable and innovative cloud services.
Digital energy is for enterprises / industry customers to clean power generation, transportation electrification, site energy, data center energy, embedded power supply and other products and solutions of the organization, is committed to the power electronics technology and digital technology combined, to provide customers with high-quality, high-efficiency, green, low-carbon power electronics products, so that customers can succeed in business.
The smart car solution BU is the company's end-to-end business responsibility for the field of smart cars, extending Huawei's ICT technology advantages to the smart car industry and providing incremental components for intelligent and connected cars. The business goal of the smart car solution BU is to focus on ICT technology and help car companies build good cars.
HiSilicon is positioned in providing end-to-end board-level chip and module solutions such as perception, connection, computing, and display for intelligent terminals, display panels, home appliances, automotive electronics and other industries, undertaking R&D, Marketing, ecological development, sales and service responsibilities for the chip and module industry, and being responsible for business results, risks, market competitiveness and customer satisfaction.
Huawei's "core" layout
In addition to self-research, investment and mergers and acquisitions are also shortcuts for Huawei to break through. In the past three years, Hubble, an investment company under Huawei, has invested in nearly 70 semiconductor companies, involving chip research and development, design, manufacturing, production, and sales.
According to public information, Hubble Investment was established on April 23, 2019, and is 100% owned by Huawei Investment Holding Co., Ltd. Hubble's investment goal has also been very clear, that is, to point directly to the "card neck" technology in the chip field, mainly to carry out the investment layout of the integrated circuit and semiconductor industry chain, and promote the development of the semiconductor industry.
At the Huawei All-Connected Conference 2020, Guo Ping, Huawei's rotating chairman, talked about Huawei Hubble. He said that Huawei's core business is focused on connectivity and computing, but under the sanctions of the United States, Hubble Investment was specially established to help the entire industry chain by investing in Huawei's technology. Guo Ping said: "Huawei has strong chip design capabilities, and we are willing to help trusted supply chains enhance their chip manufacturing, equipment, and material capabilities, helping them and helping ourselves." ”
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