Meng Wanzhou helped Huawei to achieve 23 trillion yuan! Ren Zhengfei exclaimed: Spring is full of vitality

Tech 2023-05-29 15:01:41 Source: Network

Meng Wanzhou, the vice chairman, rotating chairman and CFO of Huawei, is a female leader who has experienced trials and tribulations in Huawei and has made outstanding achievements. She is the eldest daughter of Huawei founder Ren Zhengfei and the core promoter of Huawei's financial organization

Meng Wanzhou, the vice chairman, rotating chairman and CFO of Huawei, is a female leader who has experienced trials and tribulations in Huawei and has made outstanding achievements. She is the eldest daughter of Huawei founder Ren Zhengfei and the core promoter of Huawei's financial organization. She has experienced unreasonable accusations from the US government and illegal detention in Canada, but she remained steadfast in her beliefs and persevered, ultimately winning freedom and dignity. Her story is not only about Huawei, but also about Chinese entrepreneurs.

Meng Wanzhou has been committed to the construction and improvement of Huawei's financial system since he joined Huawei in 1993. She led the establishment of a globally unified financial organizational structure, processes, systems, and information technology platform, promoting the transformation of integrated financial services (IFS), and achieving refined management. Under her leadership, Huawei carried out data reform, established a data management system, and achieved the strategic goal of "counting out a hole". Through reform projects such as internal financial control, consistency between accounts and reality, fund management, and tax management, she has enabled financial organizations to become business partners and value integrators, thereby supporting the company's business to achieve high-speed and stable development globally.

Meng Wanzhou is not only Huawei's chief financial officer, but also Huawei's business wisdom. She has participated in multiple major strategic decisions and commercial collaborations with Huawei, such as cooperation agreements with international operators such as British Telecom and Vodafone, as well as licensing agreements with international chip manufacturers such as Qualcomm and Intel. She also actively promoted Huawei to fulfill its social responsibilities globally, such as participating in the United Nations Climate Change conference and supporting the popularization of telecommunications in Africa.

Meng Wanzhou's contribution to Huawei is particularly prominent in the difficult period from 2020 to 2021. In the face of the suppression and blockade of Huawei by the US government, Meng Wanzhou led the financial team to deal with various risks and challenges and ensure the company's capital security and stable operation. During this period, Huawei still achieved remarkable results: in 2020, it achieved a revenue of 891.6 billion yuan (approximately 136 billion US dollars), an increase of 3.8% year-on-year; Net profit of 58.2 billion yuan (approximately 8.9 billion US dollars), a year-on-year increase of 3.2%; The R&D investment reached RMB 141.7 billion (approximately USD 21.7 billion), accounting for 15.9% of the revenue. In the first half of 2021, Huawei achieved a revenue of RMB 320.2 billion (approximately USD 49.3 billion), a year-on-year increase of 29.4%; The net profit was 47 billion yuan (approximately 7.2 billion US dollars), a year-on-year increase of 47.1%.

During this time, Meng Wanzhou also experienced the charm of Huawei's products and services. She once stated in a media interview that the phone she is using is the Huawei Mate40Pro+5G version, which has excellent photo taking effects and strong battery life. She also said that she was very satisfied with using Huawei smart screens, speakers, routers and other products at home.

Meng Wanzhou reached an agreement with the US Department of Justice to postpone the prosecution on September 24, 2021, and returned to China on September 25. This news has attracted global attention and welcome. Meng Wanzhou said in a speech at Vancouver Airport: "I am honored to be able to return to the embrace of the motherland." She also thanked the Chinese government, the Chinese Embassy in Canada, and all sectors of society for their concern and support for her.

After returning home, Meng Wanzhou returned to his post after the health management period, and was warmly welcomed by the staff present. She said, "I'm glad to be back at work, I feel at ease here." She also said, "I will continue to work hard and showcase my best to everyone

Ren Zhengfei, Meng Wanzhou's father, expressed his satisfaction and admiration for his daughter's return to China. He said, "Meng Wanzhou is back! Spring is in full bloom!" He also said, "Meng Wanzhou will continue to serve as the CFO of the company, and this CFO will be stronger."

Meng Wanzhou helped Huawei and made brilliant achievements in the global market. According to statistics, in the fourth quarter of 2020, Huawei's mobile phone shipments reached 40 million units, ranking third in the global market share; In 2020, Huawei's mobile phone shipments reached 188 million units, ranking second in the global market share. In addition, in the third quarter of 2020, Huawei surpassed Samsung Electronics to become the world's largest smartphone manufacturer.

In addition to its mobile phone business, Huawei has also demonstrated strong capabilities in other fields. According to the report, in the fourth quarter of 2020, Huawei's cloud service revenue reached 23 trillion yuan (approximately 35.3 billion US dollars), a year-on-year increase of 168%, ranking third in the world; In 2020, Huawei's cloud service revenue reached 60 billion yuan (approximately 9.2 billion US dollars), a year-on-year increase of 168%, ranking fourth in the world. In addition, in the fourth quarter of 2020, Huawei had a global market share of 35% in 5G base stations, ranking first; Throughout 2020, Huawei won a total of 127 5G commercial contracts, playing an important role in the construction of global 5G networks.

It can be said that Meng Wanzhou helped Huawei to create one miracle after another in the global market. She showcased the style of Chinese entrepreneurs with her talents, courage, and charm. She is an excellent female leader and a person worth admiring.

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