Chinese Company

Analysis of Tencent 2020 Annual Report: Reshapes Digital Lifestyle Through Ecosystem

In 2020, we know almost every company has a tough year due to COVID-19 impact. But, Tencent is an exception. The offline business is accelerating to migrating to online platform, and the offline lifestyle is replaced by online digital lifestyle in the epidemic period. For example, users video calling with friends through Wechat, playing online games, such as Honor of Kings, is more popular than ever before, and Tencent Meeting has become daily needs for business conference in China. According to…
Read more

Will HarmonyOS be the Cornerstone of Huawei Success in Future?

As we all know, Huawei has faced huge challenges from US restrictions in recent years. For example, Washington restricted Huawei access to Google software and services in 2019, and this move stroke a deadly blow to the mushroom growth of Huawei smartphones business. However, after years of R&D, Huawei made a major breakthrough with the successful launch of its HarmonyOS 2 for  smartphones, tablets and smart watches on Jun 02. The move marks a crucial step for Huawei, which had prepared for its transition…
Read more

Analysis of Xiaomi 2020 Annual Report: Smart Device or Investment Company?

In 2020, Xiaomi posted solid performance amid the pandemic and global economic uncertainty, with revenue and adjusted net profit growing 19.4% and 12.8% year-over-year to RMB245.9 billion and RMB13.0 billion, respectively. The most amazing financial figure is the net profit, which grew more than 100% year-over-year to RMB 20 billion.  This shows Xiaomi has great resilient capability. As Leijun said in the letter to shareholders: “Good timber does not grow with ease. The stronger the wind, the stronger the trees.” In…
Read more

Analysis of BYD 2020 Annual Report: New Energy is the Growth Engine

In 2020, The COVID-19 outbreak dealt a heavy blow on the global economy, but the New Energy Vehicle industry has embraced a good time. As Tesla sales volumes booming, the market capital of Tesla has also skyrocketed in 2020. Other NEV vendors has a similar journey, such as BYD, NIO, xPeng, etc. However, we should not take BYD just as NEV vendor. BYD has played a significant role in industries related to electronics, automobiles, new energy and rail transit. From energy…
Read more

Analysis of Huawei 2020 Annual Report: Make Preparation for Mastering Own Destiny

As we know, 2020 is a very challenge year for Chinese companies, because of the COVID-19 impact. However, I believe Huawei has most tough year compared with others, since US government make strict ban of key component procurement.  Let’s see what financial data Huawei achieved in 2020. From the above graph, we can see that the revenue and net profit are still growing slightly. Considering the dual impact of COVID-19 and US procurement ban, it’s not easy for Huawei. However,…
Read more

Analysis of Ping An Good Doctor 2020 Annual Report: Connect Doctors and Patients

In 2020, the sudden outbreak of COVID-19 impacted on the world economy and people’s lifestyles to an extent, and also greatly increased doctors’ and patients’ acceptance of online consultation. Since the outbreak, increasingly more people have started to accept online healthcare, and got used to substituting it for part of offline outpatient treatment. In addition, regulators and local governments introduced a series of policies, supporting and encouraging the development of Internet healthcare, promoting online tiered diagnosis and treatment, and accelerating…
Read more

Analysis of Ping An 2020 Annual Report: Technology Empower Business Development

In 2020, almost every businesses from each industry were severely impacted by the COVID-19 epidemic. The main business of Ping An is life insurance, which rely on the insurance agent keep close contact with customers, so the life insurance of Ping An has a difficult year.  If we look back the overall operation figures since IPO, we will find out the it’s the second time that the net profit and ROE of Ping An was dropped.  As we all know,…
Read more

BYD, a Global Pioneer in New Energy Solutions to Build a Zero-Emission Ecosystem

BYD is a high-tech company devoted to technological innovations for a better life. BYD was founded in February 1995, and after more than 20 years of fast growth, the company has established over 30 industrial parks worldwide and has played a significant role in industries. BYD is principally engaged in automobile business which includes new energy vehicles and traditional fuel-engined vehicles, handset components and assembly services, rechargeable battery and photovoltaic business, as well as the urban rail transit business segment which…
Read more

Will Ping An Health Care Ecosystem Solve the Difficulty of Medical Treatment in China

Before I dived into Ping An health care ecosystem, I will share my experience of medical treatment in hospital recently. Last week, I have my throat stuck by fish bone, and went to hospital immediately. After registered, I went to Otolaryngology, the doctor give the suggestion to have X ray for my throat. They are at different places, and the doctor can not give the exact answer when got the X ray result.  After all the process, I have spent 3…
Read more

Analysis of Xiaomi 2020 Interim Report: Investment Creates Good Yields

In 2020, COVID-19 pandemic has put great challenges to businesses, especially overseas market. From another perspective, COVID has provide great opportunity to identify which company has resilient business, and beyond expectation even in difficult times.  Actually, the business performance of Xiaomi is beyond expectations in the first half year of 2020. As we can see from the financial result, the overall revenue is growing modestly by 7.9%, and the profit is growing fast by 29.3. If we are clearly aware of lockdown…
Read more