In November 2020, the Shenzhen Special Economic Zone News jointly stated that honor was sold, although Huawei and Honor denied it before this, but the final result was confirmed, honor was sold to more than 30 agents and dealers.
For Huawei, selling the Glory brand can obtain a huge cash flow, so in 2021, Huawei's revenue fell by 28.6% year-on-year to 636.8 billion yuan, but the net profit achieved a 75.9% increase, reaching 113.7 billion yuan.
For Glory, Huawei is not only saving itself, but also to save the Glory brand, because after selling, it can restore glory's various businesses, after all, Huawei has no chips to supply to the Glory brand.
More critically, glory can also be independently listed after it is spun off, because of Huawei's equity structure, this company cannot be listed, but glory has no connection with Huawei after it comes out independently, so now glory can be listed.
In fact, since the glory independence, there have been many news to consider listing within three years, and now there are foreign media that have confirmed the news, and pointed out that glory is considering listing in 2022, seeking financing with a valuation of $45 billion, which may be A shares, or it is possible to consider double listing.
However, after the news was exposed, Glory quickly responded that the news was not true.
Foreign media said that overseas investors are hesitant about Glory's valuation requirements of more than $45 billion, suspected of having some lack of confidence in Glory, and remain wary of future restrictions by the United States.
In fact, the scene of Glory denying listing is not surprising to the author, because there are indeed many challenges in Glory.
The first is deeply affected by market turmoil, in recent times, the global stock market is in a very depressed market, take Xiaomi, in terms of revenue and future imagination, Xiaomi is better than glory.
But as of April 27, Xiaomi's total market value was HK$279.8 billion, and if Glory asked for a valuation of $45 billion, it would be equivalent to more than 60 billion yuan higher than Xiaomi's market value, and A-shares have recently suffered setbacks, and listing is not a good choice.
Secondly, the RESTRICTIONS OF THE UNITED STATES CONTINUE TO IMPLEMENT, HUAWEI IS NOW EQUIVALENT TO A DIRECT BLOCKADE, IN FACT, IN ADDITION TO HUAWEI'S "BLACK SWAN" INCIDENT, MANY CHINESE TECHNOLOGY COMPANIES HAVE BEEN POISONED, INCLUDING XIAOMI.
Previously, the United States issued a "prohibition order" to put Xiaomi Group on the "investment blacklist", and the international index company MSCI almost excluded Xiaomi from it, but it was fortunate that Xiaomi appealed and finally saved the situation.
The current situation of Glory is not optimistic, although it seems to have nothing to do with Huawei, but the products launched are almost all tributes to Huawei, and Glory mobile phones are also sold in many Huawei stores, which is extremely related.
If the US side once again intervenes to restrict Glory, then the interests of investors will suffer huge losses, which is one of the reasons why overseas investors lack confidence in Honor's valuation of $45 billion.
However, the outside world's bad look at Glory's valuation of $45 billion, as well as Glory's debunking of the listing news, does not seem to affect the fact that Glory is preparing for listing.
According to the information on April 27, the industrial and commercial changes occurred in Honor Terminal Co., Ltd., Honor CEO Zhao Ming stepped down as general manager and director, Zhang Jing, Peng Qiu'en and many other directors and executives also withdrew from the company, and the current main personnel of the company are only chairman Wan Biao.
After the news was confirmed, some netizens reported the news that Zhao Ming "left" from Glory on the Internet, but Zhao Ming denied it, saying that he was still a director and CEO of Glory Terminal Co., Ltd.
Since Zhao Ming did not leave his post but stepped down as general manager and director, or indicating that Glory is undergoing pre-listing reconstruction, it may be soon after the official confirmation of the listing news. So do you think the glory valuation can reach $45 billion, welcome to comment, like, share.