Huawei's bond financing creates a history of 7 times in the new high -year fund -raid fundraising of 24 billion yuan

Since the beginning of this year, Huawei has increased its financing in the domestic bond market. On August 1st, Huawei Investment Holdings (hereinafter referred to as "Huawei") released the instruction manual (hereinafter referred to as the "Manual") in the Shanghai Clearance Institute. Yuan. This is the seventh debt issuance of Huawei this year.

Huawei insiders said, "Many businesses paved by the company are now gradually landing and require certain financial support."

74 billion yuan in debt issued 7 times this year

History

Since this year, Huawei has completed six debt issuance. Huawei's 2019 domestic bond market. Earlier, its main financing channels were mainly issued overseas bonds.

According to data from the Shanghai Clearance Institute, from 2019 to 2021, the total debt issuance of Huawei is 6 billion yuan, 9 billion yuan and 8 billion yuan, respectively. Since the beginning of this year, the frequency of Huawei debt issuance has increased significantly, and the total amount has continued to increase.

According to the preliminary statistics of the Shanghai Clearance Institute's information combined with the fundraising manual, this time, since October 2019, in about three years, Huawei has issued a total of 47 billion yuan in financing through the issuance of mid -term bills and ultra -short -term financing vouchers in China ( Regardless of payment factor).

According to preliminary statistics from the Securities Daily, Huawei's debt fundraising will reach 24 billion yuan this year, a record high, which is three times that of 8 billion yuan in 2021.

12 billion yuan in bonds in the second half of the year

Concentrate

It is worth noting that according to the instructions, as of the end of 2021, Huawei's total liabilities were about 568.3 billion yuan, plus the 24 billion yuan bonds issued this year, and the total debt will reach nearly 592.3 billion yuan (without paying repayment and payment factor). At the same time, Huawei will have four bonds in September, October and November this year, with a total amount of 12 billion yuan.

Huawei said that the fund raising funds are used to supplement the operating funds of Huawei's headquarters and subordinate subsidiaries to support the development of various business development and key strategies. It is not used for long -term investment, real estate investment, financial management and various equity investment.

According to the instructions, as of the end of the first quarter of 2022, the balance of currency funds on Huawei's account was 188.9 billion yuan. Judging from the book, the amount of Huawei funds is not small. So why should Huawei issue debt frequency?

"According to Huawei's business scale, the overall debt issuance amount is still within a reasonable range, and the expiration date of ultra -short -term financing coupons is very short, and it needs to be issued. Huawei issues ultra -short -term financing vouchers, which is mainly used for short -term capital turnover. Huawei and Huawei. The mid -term notes issued this year are partly to repay the mid -term bill issued in 2019, and the other is to reserve the funds required by the company's development. "Huatai's former sponsor representative Wang Jiyue said in an interview with the Securities Daily.

According to the instructions, as of the end of last year, Huawei had more than 5 total investment totaling 36.03 billion yuan projects under construction. Among them, the total investment of the Gui'an Huawei Cloud Data Center project is about 7.2 billion yuan, and the total investment of Huawei Gang Talent Apartment project is about 6.23 billion yuan. It is expected that the completion time will be around 2023. In addition, Huawei also has more than 5 projects including Jiulongshan Precision Manufacturing Park, and the total investment is about 21.14 billion yuan. In other words, in physical projects alone, Huawei's total investment in construction or proposed projects is about 57.2 billion yuan.

In addition, Huawei's companies need a large amount of financial support around the fields of chips, cloud computing, and Yuan universe.

Wang Jiyue believes: "Huawei has not been listed and has not introduced external capital, so the main way of financing is to loan from banks or issue various bond products. At present, Huawei has relatively low interest rates in the domestic market, which can be low. Cost funds turnover. "

In the view of Song Qinghui, the founder of Qinghui Think Tank, Huawei ’s increasing debt issuance this year is preparing for the future to respond to the uncertainty of the external environment and further enhance the company’ s anti -risk ability.

"At present, Huawei's debt ratio is not high, but with its extensive expansion in many fields, at the same time, a lot of funds are used for research and development and operation, and the demand for funds continues to increase. Looking at it, it is in a critical period of business transformation and expansion. "Said Zhou Xibing, a researcher at the Software Research Center of China Enterprises in China.

Reporter Jia Li

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