Recently, Huawei has been in the spotlight with its semi-annual report for 2017. The report revealed a revenue of 283.1 billion yuan in the first half of the year, marking a 15% year-over-year increase. The consumer business segment generated 105.4 billion yuan, while the operator business and enterprise business grew by only 5.71%. This suggests that Huawei's operator business might have reached around 150 billion yuan in revenue for the first half of the year, representing a year-over-year increase of less than 2%.
In June 2017, Ren Zhengfei, Huawei's founder, embarked on a four-day tour visiting Thailand, Germany, Poland, and Russia. He emphasized the importance of profitable growth and maintaining healthy cash flow. During his visit to the German representative office, Ren Zhengfei remarked, "When the global economy is weak, operators need to focus on profitability rather than blindly expanding. Ensuring survival through steady growth will enable you to thrive in the future."
In the smartphone sector, Huawei continues to trail behind Samsung, particularly in areas like OLED screens and memory chips where Samsung holds a significant advantage. As of mid-July, Samsung's Galaxy S8 had already sold over 15% more units than the Galaxy S7. Samsung Electronics reported selling 93 million mobile phones in the second quarter, with smartphones accounting for over 85% of those sales. Meanwhile, Huawei announced that its smartphone shipments reached 73.01 million units in the first half of 2017, marking a 21% year-over-year increase and securing a 9.8% share of the global smartphone market, placing it third worldwide.
At a symposium for new employee orientation, Ren Zhengfei encouraged new hires to adopt an open mindset and build upon the achievements of their predecessors. Even incremental progress, no matter how small, is valuable. Starting from scratch repeatedly is inefficient and costly for the company.
Ren Zhengfei shared a story from the history of Chinese character reform. Zhou Youguang, known as the "Father of Pinyin," was instrumental in developing the modern Chinese phonetic system. Despite skepticism, Zhou's contributions were pivotal in making Chinese more accessible globally. Ren Zhengfei used this story to illustrate the importance of standing on the shoulders of giants and building upon existing knowledge.
Looking back, Chinese characters have undergone several crises, particularly during periods of social transformation. Efforts to simplify or replace Chinese characters with phonetic systems were driven by the desire to reduce illiteracy and promote modernization. Despite challenges, these reforms have played a crucial role in unifying the nation and integrating China into the global economy.
Finally, Ren Zhengfei urged new employees to engage in cross-departmental communication and remain open-minded. Philosophy, while not mandatory for all, can guide decision-making at leadership levels. Understanding organizational dynamics and reading company documents can deepen one's comprehension of Huawei's strategic direction.
In summary, Huawei's recent developments highlight the need for balanced growth and a forward-thinking approach. By learning from history and fostering collaboration, the company aims to continue thriving amidst global competition.
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