On March 28, Huawei's 2021 annual report was released. In 2021, Huawei's sales revenue decreased by 28.56% year-on-year, and its net profit increased by 75.90% year-on-year. Excluding the proceeds from the sale of subsidiaries and businesses, the net profit still increased. R & D investment continued to increase, accounting for 22.41% of revenue. Huawei is committed to building Hongmeng ecosystem, which is conducive to the development of the industrial chain under the situation of intensified geopolitics. At the world mobile communication conference, Huawei proposed and released new concepts and products, leading the development of 5g and lighting up the bright future of digital economy.
This week's view:
Subject matter: Huawei's 2021 annual report was released on March 28. In 2021, Huawei's sales revenue was 636.8 billion yuan, a decrease of 28.56% compared with 2020, and its net profit was 113.7 billion yuan, a year-on-year increase of 75.90%. Excluding the proceeds from the sale of subsidiaries and businesses, the net profit margin reached 8.85%, and the net profit reached a new high in the past five years, thanks to the improvement of business quality and the optimization of product structure. R & D investment continues to increase. Under external pressure, Huawei made a difficult transformation. Hongmeng system saved the terminal business. Huawei embraced the future with high R & D investment, and its proportion in revenue increased significantly to 22.41%. Geopolitics continues to increase, which is beneficial to the industrial chain of Hongmeng ecosystem. At the world mobile communication conference, Huawei proposed and released new concepts and products. Put forward the blueprint for a bright future of digital economy; 5g + XR has sprung up, and the future development prospect of space Internet is broad. Huawei continues to give full play to its advantages in 5g to help XR develop.
The combination of "golden stock" is a combination of the combination of the combination of the combination of the "golden stock" and the combination of the combination of the "golden stock." the combination of the combination of the combination of the "golden stock" is a combination of the combination of the attention: the operator (China Mobile, China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) 60172ofthe 60172of the 60172of the 60172 '' '' '' '' connector ( Suzhou Recodeal Interconnect System Co.Ltd(688800) ).
Market review:
Last week, network equipment, wireless and supporting equipment and Beidou navigation rose by 3.45%, 3.44% and 3.15%, and other sub sectors were slightly corrected due to the impact of the market. However, under the sustained high boom driven by the construction of digital economy established by the two sessions, the performance growth space of communication boards dominated by operators, IDC, Internet of things and optical communication is broad, so it is recommended to continue to pay attention. From the perspective of the whole week (03280401), the weekly return of the "gold stock" portfolio was slightly corrected. Calculated according to the weighted average of the current market value, the weekly rise and fall of the portfolio was - 1.06%, slightly lower than the communication sector (- 0.24%), the gem index (1.40%), the Shanghai Composite Index (2.43%) and the Shanghai and Shenzhen 300 (2.88%).
Risk tips:
Due to the uncertain factors caused by Sino US trade friction, the 5g construction speed did not meet expectations, and the epidemic repeatedly led to the pressure on China's economy.
