2023-12-29 18:45:43
While many believed that the Chinese giant Huawei was going to collapse following the American sanctions imposed by Washington, following accusations of espionage launched in 2019, the reality is quite different. In fact, the Chinese brand has confirmed having passed “the brunt of the storm”.
Result ? A record year 2023. In fact, the company’s turnover was established above the 700 billion yuan (88.9 billion euros, approximately), an increase of almost 9% over the first 11 months of the year (December not being over, the month was not taken into account).
Huawei records record turnover
And the rest promises to be exceptional for the group founded and led by Ren Zhengfei. Indeed, Huawei might well enter the stock market in 2024 even though its founder has always rejected this idea. But with the help of successes and above all, in China’s national interest, the latter would be re-examining its positions.
What capitalization for the Chinese giant?
Difficult to determine how much the group might be worth, especially in these uncertain times. However, some experts estimate, by comparing the figures of Huawei and D’Apple, that the value of the Chinese giant would be around 128 billion dollars. Others see it as even more important. Neither Guangnanformer chief technology officer at Lenovo already mentioned in 2019 the figure of… 1,300 billion dollars.
Some barriers remain
There is no doubt, in any case, that a possible Huawei IPO, might turn the world of finance upside down. The group’s financial health is in good shape, projects are coming one following the other (release of the Mate 60 smartphone as well as its very first vehicle, and above all, the group remains the undisputed world leader in 5G equipment. Despite everything, the USA does not have not considered lifting their sanctions and the EU is also asking itself some questions. Recently, a call to exclude Huawei 5G equipment from the mobile networks of the 27 member countries was launched.
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