Core logic: we look up to Huawei, a monument to Chinese technology, and find that behind its complex business there is an elegant and powerful underlying algorithm such as E=MC2, we are trying to review Huawei's business development process over the past three decades with a simple and elegant framework, and try to peek into the next 20 years of technology through the window of Huawei. We try to use a simple and elegant framework to review Huawei's past 30 years of "ups and downs" of the business development process, and try to use Huawei as a window to look into the future of science and technology for 20 years.
Bottom flywheel - up - carrier business: carrier business is the starting point of Huawei's story, after experiencing 2G start, 3G catch up, 4G synchronization, and realize 5G beyond. The company's communications equipment products complete layout base station access network, transmission network and core network industry chain. After years of accumulation of 4G, Huawei surpassed Ericsson for the first time in 2017 to become the world's largest telecom equipment operator, and the operator's business revenue in 2018 was 294 billion yuan. 5G era, the company formulated industry communication standards, seizing the first-mover advantage, as of the end of February 2019, Huawei and the world's leading carriers signed more than 30 commercial contracts for 5G, and continue to lead the world.
The second layer of the flywheel is the consumer business: the consumer business takes smartphones as the core hardware, and radiates outward to hardware terminals such as cell phone accessories, personal computers and tablets, wearable devices, smart home products, and Internet applications. The success of Huawei's consumer business also applies to our "4A" moat theory, which begins with value: from the appearance of the ultimate design and craftsmanship; obsessed with interaction: Huawei has gradually become an innovation leader in the field of human-computer interaction, such as light, sound and touch; loyal to the ecosystem: to build a full-scene intelligent IoT ecosystem of the consumer business; and successful in the operation of the business.
The third layer of the flywheel - turn - enterprise business: enterprise business aspires to expand the trillion new blue ocean, Huawei based on the ability accumulated in the carrier business, expanding the ICT industry, 2018 revenue exceeded $ 10 billion, compound annual growth of 40%, China's revenue exceeded 50 billion yuan, the number of cloud partners increased by nearly 1 times, the number of online users increased by 15 times, in the field has been far more than the wave of local competitors. The company works with tens of thousands of companies*. The company works with tens of thousands of companies to share the fruits of success. Through the "ubiquitous connectivity + digital platform + omnipresent intelligence", is committed to do the base of digital China.
The fourth layer of the flywheel is the full-stack + full-scene chip: the full-stack + full-scene chip is the underlying technical support for Huawei's 2C, 2B, and 2T businesses. 1) Kirin is the world's leading homegrown SoC chip, which is mainly used for Huawei's smartphones. 2) The Rising AI chip utilizes the "Da Vinci Architecture," which realizes the full-scene coverage, while providing the best solution for 2C and 2B businesses. The AI chip adopts "Da Vinci architecture", realizing full scene coverage, and providing AI solutions for 2C consumer products, 2B servers, and 2T IoT terminals.3 Kunpeng chips are mainly used in Taishan series servers, providing powerful computing power for cloud computing business.4 5G chips, including terminal baseband chips (Baron series) and core chips for base stations (Tiangang chips), are the kernel of the digital world.5G chips, including terminal baseband chips (Baron series) and core chips for base stations (Tiangang chips) are the kernel of the digital world.
Recommended standard: Huawei industry chain and the entire AIoT industry chain benefited from the standard
1, pan-semiconductor: North Huachuang, BOE A, Semiconductor Manufacturing International, three Ann Optoelectronics
2, cell phone chip: Huitian technology, Weir shares, Wentai technology, trillion easy to innovate
3, intelligent hardware: millet group, Corvette, Huami technology, cloud rice science and technology
3, intelligent hardware: millet group, Corvette, Huami technology, cloud rice science and technology
4, 5G chip including terminal baseband chip (Baron series) and base station core chip (Tiangang chip) is the core of the digital world. /p>
Risks: new business expansion is less than expected, the risk of IoT platform construction is not as expected.