Huawei believes its consumer business can survive and will not give up its cell phone business, the company's rotating chairman, Guo Ping, said in an August 17 post.
Guo said he admires Consumer BG's (Business Group) indomitable nature. While the company's mobile business has suffered, smart furniture, audio, display devices and sports and health have all seen big growth.
The US has created a number of difficulties for Huawei, but they are solvable, according to Guo. The biggest difficulty the company faces is in the cell phone business: chips for cell phones require advanced processes that are small in size and consume less power.
Huawei can design such chips, but no one can manufacture them, Guo said, adding that the company and its partners in the industry chain are still tackling the difficulties.
About building cars, Guo said Huawei's principle is not to build cars, but to help car companies build cars and provide value-added ICT components for them.
The three largest industries in the world are real estate, automobiles, and cell phones, according to Guo.
Huawei will not enter the real estate industry, but it connects all the furniture in the house through HarmonyOS, allowing the company to connect with the number one industry in the world, Guo said.
Huawei will continue to have a presence in cell phones, and it will return to its leadership position as its ability to make chips continues to grow, Guo said.
Huawei posted sales of RMB 170.4 billion ($26.3 billion) in the second quarter, down 38 percent from a year earlier.
The company's unaudited sales revenue for the first half of the year was RMB 320.4 billion, with a net profit margin of 9.8 percent.
Revenue from the carrier business was RMB 136.9 billion, revenue from the enterprise business was RMB 42.9 billion and revenue from the consumer business was RMB 135.7 billion.
