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1q21 revenue dropped sharply to 150 billion yuan, net profit increased by 27% year on year From Huawei

The following is the 1q21 revenue dropped sharply to 150 billion yuan, net profit increased by 27% year on year From Huawei recommended by recordtrend.com. And this article belongs to the classification: 5g industry, Android, artificial intelligence, Enterprise financial report.

On April 28, 2021, Huawei announced its performance data for the first quarter of 2021. In the first quarter, Huawei achieved revenue of 150.057 billion yuan, down 16% year on year. The net profit was 16.85 billion yuan, up 27% year on year, and the net profit margin was 11.2%, reaching a new high in recent three years.

This is also a serious quarterly decline for Huawei. In the first quarter of last year, even in the epidemic, Huawei still achieved revenue growth, with a year-on-year growth of 1.4%.

The main reason for the decline was the sharp decline in mobile phone business. According to the Q1 global mobile phone shipment report of 2021 released by strategy analytics, 340 million smart phones were shipped worldwide in the current quarter. Samsung, apple and Xiaomi’s shipments increased by 32%, 44% and 80% respectively, ranking in the top three. Ov (oppo and vivo) also achieved considerable growth. In contrast, Huawei fell out of the top five and became the “others” in the list. That is to say, Huawei shipped less than 20 million mobile phones in the first quarter.

This is in sharp contrast to Huawei, which stood at the peak in the same period last year. According to IDC report, Huawei ranked second with a market share of 17.8% in the first quarter of last year, with a total shipment of 49 million units. In the second quarter, Huawei surpassed Samsung and directly won the global shipment champion. This also means that Huawei’s mobile phone shipments fell by at least 60% in the first quarter of this year.

Another downward factor is that Huawei stripped off its glory business in November last year, so it needs to eliminate all glory revenue in the first quarter of this year.

However, while the revenue declined, Huawei’s net profit kept rising, and the growth rate also reached a new high in recent years. Huawei did not explain the reasons for the sharp rise in net profit, but it is not difficult to see that Huawei has taken some effective cost control measures.

With the chip inventory in a hurry, Huawei must always be ready to cope with the decline. But at the same time, Huawei is also looking for new increments, including cloud services, enterprise business and smart car business. Recently, Huawei announced to cooperate with a number of car companies to build and sell cars to make up for the lack of sales and profits of mobile phone business.

Huawei’s revenue growth of 13.1% in the first half of 2020 Xiaomi: 1q20 financial report teleconference record: great investment will be made in the next few years in the power industry Samsung Electronics: 1q20 net profit of $3.9 billion, a year-on-year decline of 3.15% Samsung: senior management interpretation of 1q20 financial report top priority is to control risk, respond to demand recovery Xiaomi group: 1q 20 revenue 49.702 billion yuan, higher than market expectation questmobile: half year insight report of China’s intelligent terminal market in 2020 China’s top four in the encirclement battle Apple 5g new machine fight fiercely… Samsung Electronics: 3q20 net profit 8.3 billion US dollars, up 48.9% year on year   Beipai is almost defeated Xiaomi: 2q20 revenue 53.538 billion yuan, up 3.1% year on year Huawei: 2016 global connectivity index (with download) apple: 2q20 net profit 11.249 billion US dollars, down 3% year on year Samsung: 1q20 revenue 44.7 billion US dollars, up 5% year on year Microsoft: 3q20 financial report teleconference record to “cloud” will be an inevitable trend in the future Apple: 2q20 financial report teleconference record stock Gartner: global mobile phone sales down 1.7% in 2012

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