Double week figure (2022.8.16—2022.8.30)

Author:China Economic Weekly Time:2022.09.01

Ren Zhengfei: Huawei will turn to the pursuit of profit and cash flow

On August 22, the Huawei Internal Forum launched an article entitled "The Operation Guidelines of the entire Company from the Pursuit of scale to pursuing profit and cash flow" issued by Huawei founder Ren Zhengfei. Ren Zhengfei mentioned that global consumption power has declined, and Huawei should change his thinking and business policy, shifting from the pursuit of scale to pursuing profits and cash flow to ensure the crisis of the next three years.

"The base point of survival should be adjusted to centered on cash flow and real profits, and we can no longer only be aimed at sales revenue. Our life asthma period is 2023 and 2024. We can break through in the past two years, and we are not sure. "Ren Zhengfei said, don't tell stories every mouth, and must be realized. First of all, you have to survive, and there will be a future when you survive.

The direction that Huawei will adjust in the future includes: closing the project of blind expansion or blind investment; firm contraction, some countries should put it on; to do a good job of cash flow planning, cut off projects with investment risks, cut off everything, and remove everything. Business that does not make money; employee assessment and bonuses should be linked to the actual business results, and the cold air must be passed to everyone; ensuring product quality; improving inventory, etc.

Regarding various businesses, Ren Zhengfei mentioned that Huawei Cloud Computing should focus on supporting the development of Huawei business and follow the road to support the industry Internet. Digital energy has increased investment in strategic opportunities, creating greater value, shrinking agencies, and strengthening combat teams. Intelligent vehicle solutions should strengthen commercial closed loops, develop a modular road, focus on several key components to make competitiveness, and the remaining parts can be connected to others.

Xiao Jianhua was sentenced to 13 years in the first instance

On August 19th, the Shanghai First Intermediate People's Court made public judgments on the case of tomorrow Holdings Co., Ltd. and Xiao Jianhua's crime of illegally absorbing public deposits, the crime of using the trusted property, the crime of illegal use of funds, and the crime of bribery in the unit. The crime and penalty were decided to perform a fine of 550.53 billion yuan; the crime and punishment of Xiao Jianhua decided to implement 13 years in prison and fined 6.5 million yuan. The court believes that the criminal behavior of Holdings and Xiao Jianhua will seriously undermine the order of financial management, seriously endanger national financial security, and seriously infringe on the integrity of state staff.

Wang Chuanfu ranked first in 2022 China Best CEO list

On August 18, Forbes China released the 2022 China Best CEO List, and BYD founder and CEO Wang Chuanfu topped the list. Zeng Yuqun, Longji Green Energy Li Zhenguo, and Netease Ding Lei followed closely behind. Forbes China mentioned that in March 2022, BYD announced a comprehensive focus on pure electric and plug -in hybrid vehicles. In the first half of the year, BYD realized a total of 640,000 new energy vehicles, surpassing the annual sales of 2021. In the capital market, BYD's stock price has reached a new high, exceeding the trillion -dollar market value, and ranked among the top three in the world, which also helped Wang Chuanfu's top list.

Musk's account of $ 23.5 billion in 2021

Recently, the American Automobile News Network and EQUILAR jointly released the CEO of the 2021 CEO of the automotive industry. Among them, Tesla's stock price soared to Musk a nearly $ 23.5 billion revenue, making it the highest income among listed companies in the American automobile industry so far CEO. In 2021, Musk had a stock option that expired a few years ago. As Tesla's stock price rose, he received a lot of benefits. In 2021, the average income of CEOs in the US automotive industry was $ 12.3 million, an increase of 78%compared to the US $ 6.9 million in the previous year.

(This article published in "China Economic Weekly" 2022, No. 16)