On October 27, 2023, China Youwei released its operating results for the first three quarters of 2023, in which China Youwei achieved 4,566 small targets, a year-on-year increase of 2.4%; Net profit margin was 16.0%.
1. Financial situation
In 2022, Huawei achieved 6,423 small goals. The net profit was 35.6 billion yuan. Cash flow from operating activities was 17.8 billion yuan.
Sales revenue, operating profit, and cash flow trend of operating activities in the past five years.
Note: Honor was sold in 2021, which is a non-recurring profit or loss.
2. R&D investment
By the end of 2022, Huawei had a total of 207,000 brick movers, of which 55.4% were R&D personnel, with total R&D expenses of RMB 161.5 billion and R&D expenses accounting for 25.1% of sales revenue.
3. The ability to make money
In 2022, Huawei's per capita revenue was 3.1 million yuan. The per capita profit is 180,000 yuan.
Adults really don't have education, only screening, and Huawei recruits 211 and 985 elites, and their income-generating ability is strong.
Hard work may not be rewarded, but there must be no shortage of people who are willing to work hard.
Fourth, the shareholding structure
Huawei has long adhered to the concept of "wealth and people", and has established an extensive benefit-sharing mechanism, with Ren Lao retaining only 1% of the equity and sharing the rest with employees, so as to divide the shares and make the company bigger.
Imagine, when Huawei pays 10 billion dividends every year, Ren Zhengfei only gets 100 million, and employees take 9.9 billion, how many people can do it?
As the four sentences of Hengqu said: Establish a heart for heaven and earth, establish a life for the people, continue to learn for the saints, and open peace for all generations. The great cause of a thousand years is so anti-human.
5. Actual controller
On October 25, 1944, he was born in a small village in a poor mountainous area in Zhenning County, Anshun Prefecture, Guizhou Province, near Huangguoshu Waterfall. Ren Zhengfei has 6 brothers and sisters in his family, his father Ren Musheng is a teacher in a rural middle school, Ren Zhengfei studied in a county town in a remote mountainous area of Guizhou in primary school, and Duyun No. 1 Middle School in Duyun City, Qiannan Prefecture, Guizhou Province.
In 1963, Ren Zhengfei studied at Chongqing Institute of Architecture and Engineering (now Chongqing University), and when he was still a year away from graduation, the "Cultural Revolution" began.
In 1974, in order to build the Liaoyang Chemical Fiber General Plant imported from France, he was conscripted into the army to join the infrastructure engineering corps that undertook the construction task of this project, and successively served as a technician, engineer, and deputy director (technical deputy regiment level), without military rank.
In 1978, he attended the National Science Conference.
In 1982, he became a delegate to the 12th National Congress of the Communist Party of China.
In 1983, with the abolition of the infrastructure engineering corps in the national reorganization, Ren Zhengfei was demobilized and transferred to the Nanhai Petroleum Logistics Service Base in Shenzhen.
In 1987, at the age of 44, he was defrauded of 2 million yuan in business and was fired from the state-owned Nanyang Petroleum Group.
With a debt of 2 million, he divorced his wife and lived in a shantytown in Shenzhen with his father, mother, younger brother and sister.
When people reach middle age, their ambitions are not rewarded. In the blink of an eye, the high hall is all white-haired, and the children are staggering in the school, and the people are old and yellow. Only then did I wake up to the fact that money and power were so important, but they had been crucified to the cross of life and were powerless to struggle.
As a result, Pinduoduo was forced to create China Youwei for 21,000 yuan, and since then, China has been promising.
In 1988, he was appointed President of Huawei.
In 1992, he invested in the research and development of C&C08 switches.
In 1993, the switch was finally developed. Its price is two-thirds lower than that of similar foreign products, which occupies the market for Huawei.
In 1996, in order to negotiate a joint venture with Yugoslavia, Ren Zhengfei led a team of more than 10 people to stay in Shangri-La in Belgrade. They booked a presidential suite for $2,000 a day and led everyone to lay the floor together.
In 2003, Cisco filed a formal lawsuit against Huawei and its U.S. subsidiary for infringing on its intellectual property rights by copying the company's products. In the face of Cisco's suppression, Ren Zhengfei hired a lawyer in the United States to respond to the lawsuit, and at the same time set out to form an alliance with Cisco's sworn enemy 3COM company in the United States. Eventually, the parties reached a settlement.
In 2007, he sent a letter to Peng Mingsheng, an accounting expert at IBM, asking IBM to send financial personnel to help Huawei transform its financial management model.
In 2011, Ren Zhengfei published the article "A River Flows Eastward" on Huawei's internal forum, revealing Huawei's shareholding system for everyone. Ren Zhengfei revealed that the design of this system was influenced by the parents' selfishness, frugality, patience and love. Ren Zhengfei also established Huawei's CEO rotation system, with each person rotating for six months. In order to avoid the success or failure of the company by one person, this move avoids a son of heaven and a courtier.
In 2018, Huawei Investment Holding Co., Ltd. announced that Ren Zhengfei would no longer serve as vice chairman and become a member of the board of directors.
In 2019, Ren Zhengfei said in an interview with CCTV's "Face to Face" that he took the initiative to give up the title of 100 outstanding contributors to reform and opening up, saying that he couldn't sit still for two hours during the meeting.
When the exquisite bigwigs are obsessed with accurate harvesting with precise algorithms and scary traffic, only Ren Lao insists on serving the country with industry and rejuvenating the country with hard work.
You must know that the end of the giants is finance, the end of the bigwigs is lending, and the end of the melon-eating masses is leeks.
Addicted to low-level pleasure dopamine, as hard to resist as opium. And the big guy cleverly set up a trap, and he accidentally fell into the scheme.
The cake is getting smaller, and the world is a competition for stock. The transparent boss knows the hardships and hardships of entrepreneurship, and it is hard to imagine that the boss who is worth hundreds of billions will go to that kind of "hard life" again.
As a result, we can only embrace finance and enter the market again.
Ant Financial, WeLoan, JD Finance, 360 Digital Technology, Meituan Finance, Douyin Assured Loan, Baidu Youqian Hua, Ping An Little Orange Blossom, Paipai Loan, and Wanda Loan have been professionally reduced in dimensionality and repeatedly succeeded in reducing bad debts with the joint empowerment of precise algorithms and scary traffic.
Wang Shi and Shenshi (Wuxi) Private Equity Fund have also completed registration, and the institutional types are private equity and venture capital fund managers;
Zong Qinghou, at the age of 76, won the fund qualification certificate and filed a private placement in the association;
Zhong Sui, the founder of Nongfu Spring, the richest man in China, also set up a private equity fund;
Thor, taking advantage of the trend, IPO has been successful repeatedly;
Brother Dong, the milk tea sister private equity company rushed to the hot search.
In the difficult environment where there are bigwigs trapped in the front, precise temptation, and investment routines in the back, and accurate capture, the people who eat melons are often at a loss.
Fortunately, where there is a trap, there is a breakthrough. The bigwigs may not know that the melon-eating masses and the chubby will not be easily fooled, after all, the current main contradiction is the contradiction between the growing cognitive level of the melon-eating masses and the backward routines of the bigwigs.