Huaweis internal documents: who will say that car building interferes with the companys transfer!

category:Finance
 Huaweis internal documents: who will say that car building interferes with the companys transfer!


Huawei once again reiterated that Huawei does not build complete vehicles, but focuses on ICT technology to help car companies build and build good cars, and become an incremental component provider of intelligent networked vehicles. In the future, those who propose to build cars and interfere with the company can be transferred from their posts and look for other posts.

Huawei said that two years ago, the resolution [2018] No. 139 of the Standing Committee of the board of directors of Huawei, the resolution on relevant strategies for coping with macro risks, made it clear that Huawei does not build cars, but we focus on ICT technology to help auto companies build good cars. In the past two years, although the external environment is constantly changing, we should be clear that building ICT infrastructure is the historical mission of Huawei. The more difficult it is, the more unshakable it will be. Therefore, the company once again reiterated that Huawei does not build complete vehicles, but focuses on ICT technology to help car companies build and build good cars, and become an incremental component provider of intelligent connected vehicles.

The EMT document of Huawei shows that: in order to enhance the interaction of technology and resources between the intelligent car parts business and the intelligent terminal business, the following decisions have been made on the management of the intelligent car parts business with the approval of the companys president:

2. The consumer bgirb is restructured into intelligent terminal and intelligent car parts IRB, and the investment decision and portfolio management of intelligent car parts business are adjusted from ictirb to intelligent terminal and intelligent vehicle parts IRB. Yu Chengdong was appointed director of IRB of intelligent terminal and intelligent vehicle parts.

3. In the future, those who propose to build cars and interfere with the company can be transferred to other posts.

This article takes effect from the date of issue and is valid for 3 years.

It also means Huawei will not build cars for at least the next three years.

Attachment: EMT document of Huawei Company

Huawei EMT resolution [2020] no.007 issued by: Ren Zhengfei

The resolution of Huawei board Standing Committee [2018] No. 139 resolution on relevant strategies for coping with macro risks clearly states: Huawei does not build cars, but we focus on ICT technology to help car companies build good cars.

Therefore, the company once again reiterated: Huawei does not build complete vehicles, but focuses on ICT technology to help car companies build and build good cars, and become an incremental component provider of intelligent connected vehicles. In order to enhance the interaction of technology and resources between intelligent vehicle parts business and intelligent terminal business, the following decisions are made on the management of intelligent vehicle parts business with the approval of the president of the company:

3. In the future, those who propose to build cars and interfere with the company can be transferred to other posts.

Intelligent terminal and intelligent car parts IRB and consumer business management committee should adhere to Huaweis strategy of not making cars, and have no right to change this strategy.

This article takes effect from the date of issue and is valid for 3 years.

The person in charge of the management of this document is the chairman on duty, who is responsible for interpretation and maintenance.

Submitted to: members of the board of directors and the board of supervisors

To: ICT business management committee, consumer business management committee, ictirb, cbgirb

Huawei management team

October 26, 2002

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The national development and Reform Commission investigates the investment of new energy vehicles in various regions and finds out the related projects of Evergrande and Baoneng

Today, first finance and economics reporter obtained a notice from insiders of automobile enterprises on the investigation of new energy vehicle production and projects (hereinafter referred to as the notice) issued by the national development and Reform Commission, requiring the national development and Reform Commission to report the investment situation of new energy vehicles in various regions to the industry department of the national development and Reform Commission before November 18.

The notice requires the national development and Reform Commission to provide project information, including the project situation, construction progress and annual production of new pure electric vehicles approved and filed since 2015, the production and operation of new energy vehicle investment projects of existing automobile enterprises and the filing of new energy vehicle projects under construction from 2019 to 2010. Article 3 requires all localities to provide local pure electric vehicle project planning and investment promotion, which clearly requires all localities to report in detail the new energy vehicle and parts projects invested and constructed by Hengda, Baoneng and other enterprises since 2017, including land occupation, construction content, project progress, completed investment, etc.

Another car company insider, who does not want to be named, believes that this move, in addition to finding out, also sends a signal to prevent the current overcapacity of new energy vehicles.

According to the notice, this years new energy vehicle industry development plan (2021-2035) (hereinafter referred to as the plan) issued by the general office of the State Council clearly proposes to strengthen supervision in the process and after the event, consolidate the local main responsibility, and curb the chaos such as blindly embarking on new energy vehicle manufacturing projects. This is also to strengthen investment supervision and promote the high-quality development of new energy vehicle industry u3002

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Evergrande and country garden smash new Empires with money? Real estate is not a good sideline

The most familiar ones in the industry are Evergrande, Biguiyuan and Vanke.

Evergrandes car making business is vigorous in the industry. On November 12, Evergrande automobile officially announced that the production bases of Hengda automobile in Shanghai and Guangzhou started trial production and commissioning. According to the previous plan, the two production bases will be able to produce 1 vehicle per minute.

On November 10, Evergrande officially released the hengchi vehicle logo, which explained the source and connotation of the logo by protecting the blue sky, winning the Red Sea, the Oriental lion, and being proud of the world, and stated that by 2025, Evergrande group will build Evergrande into the largest and most powerful new energy vehicle group in the world.

At the half year performance conference of Hengda automobile in 2020, Evergrande disclosed for the first time the specific investment in vehicle manufacturing since 2019, with a total investment of 29.4 billion yuan. However, Evergrande obviously spent more than that. Previously, some media reported that Evergrande had spent nearly 300 billion yuan on car building dream in 2019 alone. According to the public reports, Evergrande signed strategic cooperation agreements with Guangzhou municipal government and Shenyang municipal government successively in June 2019, and will invest 160 billion yuan and 120 billion yuan respectively in the two places for the construction of new energy vehicles and related accessories project bases.

However, there has been a lot of controversy in the industry about Evergrandes car making, and the real reason for the car making has also been questioned. Although Evergrande has not made a positive response to the markets query, it is an indisputable fact that Evergrande loses money and takes land.

According to the financial report data, from 2018 to the first half of 2020, Hengda automobile has accumulated a loss of 8.832 billion yuan in the past three years. According to incomplete statistics of fuel finance and economics, from 2019 to 2020, Evergrande motor took several commercial and residential plots in Tianjin, Luan, Nantong, Shenyang, Guangzhou, Zhengzhou and other cities, with a total amount of 17.7 billion yuan and a land area of more than 3 million square meters.

At the 22nd China International hi tech fair just past, Qianxi robot group presented a visual performance of intelligent technology for the audience with a number of self-developed catering robots. In early November, bozhilin robot released 9 types of 43 construction robots for a project in country garden in Shunde. According to media reports, these robots have been on duty in batches.

Compared with Evergrande and country garden, other real estate companies engage in sideline business relatively low-key, such as Vanke pig raising. At the Vanke 2020 northern regional media exchange meeting on October 17, Yu Liang first responded to the hot news of pig raising, saying that Vanke entered the pig industry not because pigs are fat and houses are thin, but because customers need us, we should do more.

In addition to property services, long-term apartments, cultural and tourism towns, community pension and other sectors closely related to the main industry of real estate, rongchuangs medical treatment, green land finance, green city agriculture, Xuhuis education and jiazhaoyes E-sports are closely related to the main industry of real estate. The sideline businesses of real estate enterprises are diversified and their concepts are endless. According to the statistics of Kerui research center in 2019, 70% of the top 30 real estate enterprises have issued diversified business strategies; 97% of the top 100 real estate enterprises have diversified business.

In the view of Liu Ruiguang, vice president of lanrun real estate, real estate diversification is actually a false proposition. According to opinion real estate, Liu Ruiguang said in the theme discussion session of theme forum NO.2: diversified deep water area of Boao real estate forum 2020, the diversification of real estate is basically 80-90% failure.

If we want to diversify, what we have to do is to dare to do, and we must also dare to recognize the planting. After planting, real estate can earn back in a few years.

Evergrande has been losing money continuously, and the robot in country garden still has a long way to go. Whats more, the industry has been questioning the real estate sideline. For the diversified business of real estate enterprises, when can we really enter the harvest period?

Evergrande is the biggest sideline among real estate enterprises. Since 2015, Evergrande has been holding high the banner of diversification, constantly crossing the border, from mineral water, to grain and oil, mother and baby, sports and even culture and tourism industry, to the well-known automobile. He won the Asian Football Championship for four years.

However, Evergrandes capital story is still being told.

On August 3, the first six models of hengchi were released. The next day, Evergrande healths share price soared, and its market value reached a historical high of HK $320.1 billion, surpassing the domestic leading auto companies SAIC Group and BYD. On August 26, Evergrande health officially changed its name to China Evergrande New Energy Automobile Group Co., Ltd. (hereinafter referred to as Evergrande motor).

On September 18, Evergrande Motor announced its intention to issue RMB shares and list on the science and Technology Innovation Board of Shanghai Stock Exchange.

It is not only Evergrande. On November 8, Baoneng automobile Xian base green smart factory was officially completed, and Baoneng extended range electric vehicle rev was also offline on the same day. It is the first model on the new energy xev platform independently developed by Baoneng automobile. On July 6, Fuli also announced that it would participate in Huatai Automobile and jointly develop the new energy automobile industry.

Real estate has entered a stable growth period, and real estate enterprises need new capital growth ports, such as the automobile industry with high output and high income. A senior auto industry anchor told ran Caijing that for real estate companies who like to make quick money, the car industrys plate is big enough.

The robot restaurant in country garden is also very popular recently. On November 11, a number of robots independently developed by Qianxi robot catering group of country garden appeared at the China International hi tech achievements fair.

However, it is not clear how much profit the robot restaurant can get at present. An industry person close to country garden experienced the flagship store of robot Chinese restaurant in Zhujiang New Town, Guangzhou, which opened in January. In his opinion, the form is greater than the food itself, which is machine automation. There is no creativity. We cant see the competitiveness compared with traditional restaurants. Maybe adults will try with children.

In addition to the catering robot, the construction robot developed by bozhilin also seems to be going well. Mo bin, President of country garden, introduced at the mid-term performance conference in 2020 that the company has 50 types of construction robots under research, of which 35 have been put into site testing. According to the plan, small batch production will be carried out next year. I believe there will be some business income in 2022.

In the financial reports of 2019 and the first half of 2020, country garden stated that the troika was real estate, robot and modern agriculture, which can be seen from Yang Guoqiangs high expectations for robot industry.

Deng Haozhi, a real estate economist, pointed out to ran finance and economics that the sideline business of Vankes pig raising is actually a relatively normal market-oriented behavior, in which it discovers business opportunities and then tries boldly, with little investment and controllable risks.

Lu Wenxi, senior market analyst of Zhongyuan Real estate, believes that pig raising is cyclical and worth investment in special period. Now pork price has dropped again, and Vanke pig raising has the nature of playing with tickets.

As for the situation of pig industry, Vanke Group said to fuel finance and economics, there is no more information in this area for the time being.

In addition to the inter-bank sidelines of leading real estate enterprises such as bihengwan, Aoyuan, a new 100 billion yuan real estate enterprise in 2019, has also been keen on the medical beauty business recently.

On March 18, 2019, Aoyuan health was listed on the Hong Kong stock exchange. In March 2020, Aoyuan health acquired 5% equity of Zhejiang liantianmei; in July, it spent 1.16 billion yuan to acquire A-share listed company Jinghan; in September, it spent 691 million yuan to acquire 55% equity of liantianmei. After the completion of the transaction, Aoyuan health will hold 60% of liantianmei; on November 12, Aoyuan health renamed Jinghan shares as aoyuanmeigu and entered the beautiful health industry.

According to the financial report of the first half of the year, the monetary capital of Aoyuan health in June 2020 was RMB 990 million, including RMB 260 million of short-term bank loans. In other words, Aoyuan health has entered the medical and aesthetic industry in the form of debt.

For the big health industry, Aoyuan Health told fuel finance that it was in the process of structural adjustment and it was not convenient to disclose more information.

The general path is to spend a lot of money to buy fast lane.

Evergrandes car making makes the automobile industry astonished. It has acquired a mature automobile industry chain by buying and buying at Evergrande speed. As early as 2017, Evergrande health invested $800 million in Faraday future founded by Jia Yueting. In 2018, both sides turned against each other, and Evergrande finally ended its first attempt to acquire 32% equity of FF company and control FFs China business.

But Evergrande has not stopped. Xu Jiayins determination to build a car will be out of control in 2019. In January 2019 alone, Evergrande held NEVs, a Swedish electric vehicle company, with us $930 million, Kanai new energy with 1.06 billion yuan, and koniseg, a Swedish sports car brand, with 150 million euro. NEVs acquired Saab in 2012, and established Guoneng automobile in Tianjin in 2015. Hengda increased its capital by 3 billion US dollars and 380 million US dollars respectively in November 2019 and June 2020 to complete the wholly-owned acquisition of NEVs.

In 2019, Evergrande will continue to enter e-traction, a hub motor manufacturer, Hofer Aktiengesellschaft, a leading power battery company, and Shanghai carnet new energy, a leading power battery company. At the end of the year, Hengda has reached strategic cooperation with several top automotive technology and design companies in Europe and the United States.

Evergrande spent more than 30 billion yuan to get Guangzhou Nansha factory, Sweden Saab intellectual property rights, solid-state battery technology patents, and chaopao brand. This money is very valuable. According to the above car anchor, Evergrande spent money to buy the whole industry chain of cars in a short time, which is unimaginable in the industry. However, he does not like hengchi cars. Saab 93 is an old car 15 years ago, and Evergrande just pastes a new brand, which is different from other companies. The price of 169800 yuan is obviously unreasonable. If it is 69800 yuan, I will consider it.

Since 2010, China has implemented subsidy policies for new energy vehicle enterprises and consumers, with a maximum subsidy of 60000 yuan for each pure electric vehicle, and even 100% tax-free for relevant enterprises. The latest data from the Ministry of industry and information technology show that Chinas new energy vehicle production and sales volume ranked first in the world for five consecutive years, and more than 4.5 million new energy vehicles have been promoted, accounting for more than 50% of the worlds total.

However, the subsidy standard began to decline in 2016, and the relevant policies of the Ministry of Finance pointed out that the subsidy standard in 2017-2018 decreased by 20% on the basis of 2016, and the subsidy standard in 2019-2020 decreased by 40% on the basis of 2016.

According to the statistics of China Automobile Industry Association, from January to September 2020, the production and sales of new energy vehicles will be 738000 and 734000, respectively, with a year-on-year decrease of 18.7% and 17.7%.

It can be seen that Xu Jiayins rapidly spliced automobile empire may be catching up with the last bus of new energy.

Country gardens cross-border robot and artificial intelligence industry is also making efforts to catch up with potential industries in the future.

In July, 13 departments including the Ministry of housing and urban rural development jointly issued the guidance on promoting the coordinated development of intelligent construction and construction industrialization, emphasizing the promotion of building industrialization, digitization and intelligent upgrading, promoting the formation of a number of intelligent construction leading enterprises, and creating an upgraded version of built in China.

According to the 2020 interim report of country garden, country garden focuses on building robots, BIM, new assembly type and related core technologies, and has recruited 3604 excellent R & D talents at home and abroad for the R & D, production and application of construction robots and related intelligent construction equipment, assembly type, etc. it has submitted 2314 patent applications and 567 authorized patents, and has a batch of independent core in key fields Technology.

Compared with Evergrande, Biguiyuans robot is also rocket speed. In June 2018, country garden Shenzhen robot industrial park was established; in July, Guangdong bozhilin robot Co., Ltd. was established; in September, a robot valley will be built in Shunde, Guangdong; in December, Tsinghua University bozhilin Robot Joint Research Institute was unveiled. In May 2019, country garden announced to invest 50 billion yuan to build Changsha Xiangjiang intelligent Valley Project; in the same month, Qianxi robot group was established; in August, foodom robot hot pot restaurant and foodom robot fast food restaurant were put into trial operation.

In order to build robots, country gardens R & D costs have increased year by year since 2018. According to the annual report, from 2017 to the first half of 2020, the R & D expenses of country garden were 693 million yuan, 1.224 billion yuan, 1.973 billion yuan, and 1.03 billion yuan (620 million yuan in the middle of 2019). According to the interim report data in 2020, the total external revenue of other divisions including property investment, hotel operation and other (such as robot intelligent manufacturing, robot catering, community retail and modern agriculture) will decrease by 4.3% from about 1.869 billion yuan in the first half of 2019 to about 1.789 billion yuan in the same period of 2020.

In just two years, country garden has also created a robot empire. Deng Haozhi commented that country gardens move is in response to the call of the state, but there is great uncertainty about whether large-scale investment in a new field can succeed or not, and how the result of the attempt is.

Although the determination to do sideline is very big, but at present, most of these real estate enterprises sideline are in vain.

Evergrande automobile, which looks very brilliant, recorded a loss of 2.457 billion yuan in the first half of 2020, an increase of 23.82% compared with the loss of 1.984 billion yuan in the middle of 2019. According to the annual report, due to the expansion of new energy vehicles, Evergrande motor lost 1.428 billion yuan and 4.947 billion yuan in 2018 and 2019 respectively. Accordingly, as of the first half of 2020, Hengda automobile has accumulated a loss of 8.832 billion yuan in the past three years.

Therefore, on November 1, Evergrande transferred its 40.96% equity of Guanghui group by RMB 14.85 billion. Previously, Hengda acquired 40.96% equity of Guanghui group through acquisition and capital increase in September 2018, with a total investment amount of 14.49 billion yuan.

Guanghui automobile is the largest auto dealer in China. By the end of 2019, the company has established 782 4S stores in China. Prior to this, Evergrande announced that the company has taken a stake in Guanghui group, the worlds largest auto dealer. At the same time, with its own sales team of more than 10000 people, more than 60 million owner channels and more than 1000 communities, it has established a huge offline sales network.

In order to reduce the companys debt ratio, Xu Jiayin did not hesitate to give up the largest automobile sales channel he bought. However, hengchi will mass produce in 2021, with an initial production capacity of 400000 vehicles. How to sell will be in doubt.

In addition to Xu Jiayins 14.85 billion yuan sale of the equity of Xinjiang Guanghui automobile distribution company, in order to reduce the debt, Fuli announced on November 9 that it plans to transfer 70% of the equity of Fuli comprehensive logistics park of Guangzhou International Airport to Blackstone Group with consideration of 4.41 billion yuan. Data shows that Guangzhou Fuli International Airport comprehensive logistics park is the only logistics park project of R & F, which was established in 2007.

Song Hongwei, director general of Tongce Research Institute, told fuel finance that enterprises in East Asia tend to adopt diversified development strategies when they develop to a certain stage. If they choose industries that conform to the trend of the times, the risks will be relatively reduced. There are many successful cases of diversification, but there are several failure cases behind it. There are leading enterprises in every industry. They have accumulated many years of experience, customers and channels. The real estate enterprises suddenly cross-border and face more fierce competition.

Deng Haozhi told fuel finance and economics that many real estate enterprises engage in sideline business, which is a gimmick. They are industries that the country hopes to develop and projects that the government likes, but in essence, they are still for real estate, because industrial projects always have housing facilities. Selling dog meat with sheeps head is a new enclosure mode, which is somewhat deceptive. In the past few years, many industries have been slow to achieve results, but the housing sector has been sold rapidly. Now some local governments have awakened and begun to be cautious and even refuse to take land for these industries.

According to Tianyan, there are many subsidiaries of Evergrande Automobile Co., Ltd., which are specialized in real estate development business. For example, Evergrande New Energy Technology Group Co., Ltd. has 28 subsidiaries with the words of life service or real estate.

In April 2019, Evergrande won the northwest plot of Wanqingsha intelligent Internet connected automobile industry demonstration park in Nansha, Guangzhou, with an area of 858000 square meters at the bottom price of 847 million yuan. Then, in August, Evergrande won two commercial land in the park with a floor price of less than 10000 yuan.

Evergrande also uses land for financing. For example, in October 2019, Evergrande automobile issued the Evergrande u00b7 hengneng No.1 Evergrande new energy project collective fund plan to raise 1.5 billion yuan of capital. The mortgage was the residential land use right in Luan City, Anhui Province, which was acquired by taoyong company, Mingchi company, Jingbin company and Shenan company, which were held by Evergrande automobile, on June 25, 2019.

Similarly, in September 2018, country garden won 233000 square meters of land in Shunde, Guangdong Province with a base price of 1.34 billion yuan, with a floor price of only 1530 yuan / square meter. It plans to invest 80 billion yuan and build a robot Valley in 2023. Among them, 103000 square meters of land is for commercial and residential use, and 10 residential buildings and 2 service-oriented apartments are to be built.

In addition to the purpose of doing sideline business is not pure, the way real estate enterprises engage in sideline business is not quite right.

According to the analysis of the above car anchor, Li wants to be a new energy vehicle. He has a full understanding of the industry and only says that he can make money in ten years. Xu Jiayin certainly cant wait for ten years. He wants to fast in and fast out in the way of real estate. Under the speed of Evergrande, the industry finds him unreliable. In his opinion, Xu Jiayin ignored the brand built in the automobile industry for 100 years. Without the brand, there would be no premium. Konisege is not enough to cheat the Chinese people.

Yang Guoqiang also emphasizes country garden speed. Qianxi restaurant plans to mass produce about 5000 single robot devices by 2020, and construction robots also hope to achieve mass production in 2020. This obviously does not conform to the industry rules, as can be seen from the frequent changes in the top management of bozhilin.

The reason is that people in the industry believe that it has something to do with Zhang Ying, the president of the real estate sector, Zhu Jianmin, the vice president, and Zhang Zhiyuan, the CEO. The internal staff of bozhilin have disclosed to the media that Zhou Xiaotian left because of the contradiction with Zhang Ying. It is difficult to apply the conventional thinking of the real estate industry to the research and development of robots.

However, it is worth mentioning that the sideline green space finance of top 6 real estate enterprises seems to be able to play. This year, Greenland said it would carry out digital transformation of Greenland finance and realize the split listing within three years. Greenland finance plans to raise up to 6 billion yuan before the IPO, and its valuation may rise to 34 billion yuan, Reuters reported on August 31. As of press release, the total market value of Greenland is only 76.9 billion yuan.

Data show that Greenland finance was established in 2011, and Geng Jing, a senior financial practitioner, joined the company in 2014, and the companys business scale reached 20 billion yuan in that year. At present, the company has obtained diversified financial licenses including banking, securities, trust, payment, network small loan, etc. According to the annual report of 2019, Greenland finance has realized a net profit of 3.06 billion yuan and an asset scale of 40.54 billion yuan. In the first three quarters of 2020, the total profit of Greenland was 22.8 billion yuan, an increase of 2.5% over the same period of last year, while the total profit of financial industry was 2.5 billion yuan, with a year-on-year growth of 10%, accounting for 11% of the total profit.

The Research Report of Huaxi Securities (12.430, - 0.22, - 1.74%) shows that, stepping on the green space of three red lines, as of the end of the third quarter, the asset liability ratio after excluding advance receipt was 53.2%, 1.6 percentage points higher than the same period last year, and the net debt ratio was 183.45%, 10.4 percentage points higher than the same period last year. Recently, Shenzhen Qianhai Tianji Fortune company has been thunderstruck, which also leads to the fact that the capital chain of Greenland Chengdu project is broken. It is worth paying more attention to whether the greenbelt, which is deeply in debt predicament, can break through by sideline business.

Real estate companies are becoming more and more popular, but whether they can be as brilliant as the real estate owners and let the big guys make a lot of money is still unknown.

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Is the house price in key cities rising or falling? What are the policy signals of strong concern? Which areas should you choose to buy a house? What conditions do you need to get on and off? How to redefine high quality assets when there is no place to invest?

On November 30, 20:00-22:00, Changsheng time u00b7 2020 property market closing meeting, Yao Changsheng, deputy editor in chief of Netease media and senior real estate personage, gave a live interpretation of the course. The price of the course was 1999 yuan / person, and the top 200 applicants were entitled to a special price of 799 yuan / person. If you have any questions, please add the Houchang village fairy wechat (money163888) for consultation.

Source: surging news editor: Chen Hequn_ NB12679