But interestingly, this valuation is less than twice the revenue of Huawei 72 18 yuan (the revenue exceeded 400 billion in the first half of this year), and far lower than that of Ali (with a market value of 3.26 trillion) and Tencent (with a market value of 3 trillion). The combined revenue of the two is not as good as it. It may have something to do with Huawei being regarded as a hardware company, unlike Internet companies, which have extremely high P/E ratio and marketing ratio, but Huawei's true value is obviously underestimated.
In addition, it is worth noting that Huawei is a private enterprise, with 100% employees and only 1. 14% employees. In contrast, the wealth of Ma Yun's family and Ma Hua Teng, who ranked first and second in the list, was 275 billion yuan and 260 billion yuan respectively. Including Sun Zhengyi, the boss of ARM, who was eager to announce the termination of supply after Huawei was listed in the "entity list" in the United States, cashed out tens of billions of dollars from Ali in just 20 16.
Unlike many people who think that Huawei is a mobile phone manufacturer, Huawei, founded in 1987, became famous in the field of telecommunications infrastructure. In 20 13, it surpassed Ericsson to become the largest telecom equipment supplier in the world, and its 2C terminal business did not surpass 2B operator business to become the highest revenue until 20 18.
In the latest Fortune Global 500 list, Huawei ranked 6 1 with operating income of 1090304 million US dollars, up from 72nd place last year 1 1. Income is second, and more importantly, competitiveness. Why does the United States insist on suppressing Huawei instead of suppressing Ali and Tencent, and even declare a "national emergency" because of such companies?
There used to be a joke that Chinese and American leaders played cards with their own technology companies. Huawei is China's "two kings and four twos", Cisco, Apple ... and the United States can control everything. No real estate, no leek cutting, rare in the country. Xiaomi and Meituan said that they would not go public. Let's listen. Huawei basically believes that they will not go public.
Ren once said this. He said, "Huawei does not allow capital to come in easily, because the greedy nature of capital will undermine the realization of our ideals. We only fight for ideals, not for money. " Huawei itself is not short of money. In 20 18, its cash flow from operating activities was 74.659 billion yuan, and its asset-liability ratio decreased to 65% year by year. According to another media report, in the first half of 20 19, its monetary fund reached 2497438+0 billion yuan, and the total investment in wealth management products exceeded 70 billion yuan. Xu Zhijun, vice chairman of Huawei, also said in an interview with C 1 14 that Huawei always stays ahead of others because it is not short of money and its decision-making as a non-listed company is simple.
In 20 18, Huawei's R&D expenditure reached10/0/500 million yuan, accounting for 14 1% of sales revenue, ranking fifth in the industry R&D investment released by the European Union in 20 18; In the past ten years, the accumulated R&D investment has exceeded 480 billion yuan. Despite various pressures from the United States, Huawei plans to invest 654.38+02 billion yuan in research and development this year.
According to the data released by the World Intellectual Property Organization (WIPO) under the United Nations, in 20 18, Huawei submitted 5,405 patent applications to the organization, ranking first in the world. In addition, according to the data of China National Intellectual Property Administration, in the first half of this year, Huawei ranked first with 23 14 domestic invention patents.