Meng Wanzhou, CFO of Huawei 202/KLOC-0, also said that Huawei's scale is getting smaller and smaller, but Huawei's profitability and cash flow acquisition ability are increasing, and the company's coping ability is also increasing. According to Huawei official website, in the first half of 2022, Huawei achieved sales revenue of 3010.6 billion yuan, a year-on-year decrease, with a net profit margin of 5.0%. In this regard, Hu, the rotating chairman of Huawei, said that although the terminal business has been greatly affected, the information and communication technology has maintained steady growth.
According to public information, Huawei's terminal business is one of Huawei's three core businesses. Products cover mobile phones, mobile broadband and home terminals. Because Huawei's mobile phone has limited functions in 5G, it can only produce 4G at present, which is undoubtedly a huge blow to Huawei. This has also led to a sharp decline in Huawei's market share in high-end models. However, Huawei announced that it will launch the Mate50 series, and Huawei may recycle the high-end market. Huawei is likely to slow down some unimportant businesses and focus on maintaining its position in the mobile phone market. ?
Huawei published an article in an internal forum that the management policy of the whole company should shift from scale to scale. The whole company should make effective use of the budget, not blindly, continue to optimize business, rationally prepare personnel, establish a basic information platform, narrow the front line, concentrate on strength and increase profits. Because the basic income of employees can pay for the necessities of life. Of course, some strategic businesses can't create value in the short term, which we can determine through evaluation, but we must cut off many marginal businesses with poor performance, that is, adjust, consolidate and upgrade. Control inventory reasonably, scientifically and reasonably. We should save ourselves with high quality. Pay attention to reasonable inventory pressure. We should not be short of profits because of too much inventory, which will constitute our new crisis.