Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com August 23 news, according to China Business report, learned from a number of sources, Huawei internal forum on the afternoon of the 22nd launched an article on "the entire company's business policy from the pursuit of scale to the pursuit of profit and cash flow" article.

In the article, Ren Zhengfei, founder of Huawei, mentioned that the global economy will face a recession and a decline in consumption power, and Huawei should change its thinking and business policy from pursuing scale to pursuing profits and cash flow to ensure that it will survive the crisis of the next three years. Ren Zhengfei said, "take survival as the main program, all marginal businesses will shrink and close, and pass on the cold to everyone."

CTOnews.com learned that on the afternoon of August 12, Huawei announced its operating results for the first half of 2022. Huawei had sales of 301.6 billion yuan in the first half of this year, with a net profit margin of 5.0 per cent, according to the data. Among them, the business income of operators is 142.7 billion yuan, the enterprise business income is 54.7 billion yuan, and the terminal business income is 101.3 billion yuan. In contrast, Huawei had sales of 320.4 billion yuan in the first half of last year, with a net profit margin of 9.8 per cent. The business income of operators is 136.9 billion yuan, that of enterprises is 42.9 billion yuan, and that of consumers is 135.7 billion yuan.

For the first half of the performance, Huawei said: "the overall operating results are in line with expectations." At present, Huawei's supply chain crisis has not been resolved, and the company's terminal business (former consumer business) will inevitably be affected.

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