Huawei's rotating chairman, Ken Hu, said that despite facing challenges in recent years, Huawei has overcome severe tests through hard work and has basically returned the company's operations to normal.
In further explanation, Hu Houkun said that Huawei will achieve sales revenue of more than RMB 2023 billion in fiscal year 7000, and will bring overall revenue back to the same scale after 2021.
At the same time, Hu Houkun also explained that Huawei's terminal business, including mobile phones, exceeded expectations. At the same time, infrastructure revenue remained stable, digital energy and cloud businesses maintained positive growth, and the smart vehicle solution business also achieved significant improvement.
However, Hu Houkun believes that future challenges will remain severe, including economic cycle uncertainties, geopolitical influences, as well as technology export bans and trade barriers. However, digitalization, intelligence and low-carbon development remain Huawei's clear development direction.
The US-China trade war has led to the US government imposing a technology export ban on Chinese companies, including Huawei. The biggest impact on Huawei is that its in-house processors can no longer be manufactured by contract manufacturers like TSMC, and it is also unable to obtain a license for the latest version of Google Mobile Services (GMS) from Google. This has also impacted the sales and development of its mobile phones in overseas markets. This has led Huawei to shift to developing its own operating system, HarmonyOS. While it is currently based on open-source Android (AOSP), Huawei has emphasized that it will move towards fully in-house design in the future.
