Analysts believe that Apple has made a mistake in cutting a single message;
According to the micro-message news, an Apple Inc. report that Apple has cut the number of reports by 20%, causing Apple shares to fluctuate on the 8th, and Apple’s share price has also fallen. However, some analysts immediately questioned it. Some people think that the news is wrong. Some people think that it is only a one-sided statement.
U.S. analyst Mohan said that investors should not make conclusions merely by reporting. He said that last year, the media initially reported that the iPhone orders exceeded 100 million, and was revised to 100 million before the listing. The iPhone X was delayed after the listing. Repairs are between 60 million and 80 million.
GBH Insight analyst Ives believes that 'the last quarter has been a continuous interpretation of the Asian supply chain mistakes, this time but it is bluffing'. He said that the next six to nine months substantial increase in Apple's stocks have great opportunities. 'Bargain buy'.
According to PTIG analyst Pisk, 'There are reports of this kind every quarter that really affect the apple market of the day, but they are insignificant for investors'.
2. US media said that Congress should review Google’s cooperation with Huawei: The digital cold war between China and the United States has intensified;
As U.S. congressmen continue to pay attention to the transactions between Facebook and four Chinese technology companies including Huawei, Facebook said under pressure that it will abandon its cooperation deal with Huawei this week.
In the latest developments, members of Congress have turned their attention to Google's Android operating system that is cooperating with Huawei. Earlier this year, Google and Huawei reached an agreement to allow Huawei-made devices to send texts, photos, and other information using Android's messaging service. .
Huawei announced the cooperation plan in January 2018 and stated that it will cooperate with Google to provide computer infrastructure services to wireless operators. In the past two years, Google and more than a dozen operators and mobile phone manufacturers announced a similar cooperation plan. .
According to informed sources, some members of the Senate Intelligence Committee senior Democrat, Virginia Senator Mark Warner, were shocked by Google’s and Huawei’s transactions and hoped to have a deeper understanding of the operation of such partnerships and whether Allowing different levels of data sharing. These lawmakers are considering multiple approaches, including asking Google to answer questions about the deal, and more broadly reviewing Google’s relationship with Huawei.
Informed sources also said that after Google recently decided not to renew the contract with the U.S. Department of Defense, some lawmakers plan to express dissatisfaction with the company’s continued cooperation with Huawei.
In addition, earlier this year, under pressure from Congress, the American telecommunications company AT&T canceled the contract for the sale of Huawei handsets. The members of the National Assembly also successfully urged the Federal Communications Commission to restrict Huawei and ZTE from selling their equipment to the United States. Currently, both houses of the Congress and the House of Representatives Research is underway to formulate a new bill to further limit the sales of the two Chinese technology companies in the United States.
3. The first internal letter after the settlement of the ZTE case: Apologies to employees/clients/shareholders/partners;
Micronet Reported on June 9
In the 53rd day after ZTE resumed the sanctions, the case finally came to light. In the evening of June 7, Beijing time, the official website of the US Department of Commerce stated that it agreed to take severe extra punishments and compliance measures to replace The US Department of Commerce’s Bureau of Industry and Security (BIS) refusal to enforce the settlement agreement in March 2017.
Up to now, the other party has not formally confirmed and announced related matters. However, according to media reports, on the evening of June 7, ZTE issued an internal letter to all employees. Today, Sina Technology has revealed the main contents of ZTE's internal letter.
The specific disclosure did not show the author of the letter, but it can be seen from the lines that it should be the top management or current top leader of ZTE.
Internal Communications first thanked the 80,000 employees for their support and dedication in the past 53 days. At the same time, they said, 'This refusal to activate caused huge losses to the company. The company paid a terrible price for it. I represent the company's board of directors and management. The layer apologizes to all employees, customers, shareholders, partners. '
When analyzing the causes of this incident, it was mentioned that the direct cause was caused by the work nuisance of a few cadres and employees. However, we must profoundly realize that its substance reflects the company’s problems in compliance culture and management. We must Organize a large number of cadres and employees to rethink the incident, draw lessons from it, and earnestly hold it accountable to prevent similar situations from occurring in the future.
In addition, the internal letter also stated that after the refusal order is lifted, the company will quickly resume normal operations. At present, the company's situation is still extremely difficult, and there are still many difficulties that need to be overcome. There is still a lot of hard work needed to implement the settlement agreement. Complete. Everyone must do: Stick to the post and not be affected by rumors;
The latest settlement conditions disclosed by the U.S. Department of Commerce’s website press release mainly include the following four points:
1. ZTE needs to pay a further fine of 1 billion U.S. dollars, and also hand in 400 million U.S. dollars as a security deposit.
2. ZTE accepts a team of special compliance coordinators selected by the United States BIS. The service period of the team is 10 years. They will monitor in real time whether ZTE follows U.S. export control laws.
3. ZTE needs to replace the board and senior management.
4. Once again add a suspended refusal order. The monitoring period is 10 years. If there is another violation within 10 years, BIS can continue to start the refusal order.
The following are the main contents of ZTE internal letter:
It took 53 days to reach the April 16, 2018 event. On these 53 days and nights, the company's 80,000 employees worldwide united their thinking, united, and stood by their posts, which fully demonstrated their strength and responsibility, reflecting their difficulties. In this special period, everyone throws away all distractions, dispels all considerations, does his best to support the company, and faces the crisis with the company. There is no regrets. Here I am to 80,000 people. Employees' dedication and family members' dedication express sincere gratitude. You are the company's most valuable asset. The company is proud of you!
This refusal to activate caused huge losses to the company. The company paid a terrible price for it. On behalf of the company's board of directors and management, I apologized to all employees, customers, shareholders, and partners.
The occurrence of this incident is based on the conclusions of current internal and external investigations. The direct cause is caused by the work negligence of a few cadres and employees. However, we must deeply realize that its substance reflects the company’s culture and management in compliance. There is a problem. We must organize a large number of cadres and employees to rethink the incident, draw lessons from it, and earnestly hold it accountable to prevent similar situations from occurring in the future.
After the refusal order is lifted, the company will quickly resume normal operations, adhere to credit, practice responsibilities to related parties, continue to strengthen research and development, continue to innovate, condense the power of all employees, and make efforts for the development of the global information and communication industry.
At present, the company's situation is still extremely difficult, and there are still many difficulties that need to be overcome. In the process of implementing the settlement agreement, there are still a lot of hard work that needs to be completed. Everyone must do the following: Stick to the post and not be affected by rumors; Learn from the pain and stick to compliance The bottom line is unwavering; Stick to the customer's needs wholeheartedly, and return the customer's support to us with practical actions. We hope everyone will continue to carry forward the spirit of hard work and innovation, and go all out on the right track for the company's business as soon as possible.
4. The United States announced the creation of the 'most powerful' supercomputer for computing;
Xinhua News Agency, Washington, June 8 (Reporter Zhou Zhou) The Oak Ridge National Laboratory, subordinate to the US Department of Energy, announced on the 8th that it has created a supercomputer called Vertex, saying its computing power is the most powerful in the world. of' .
Oak Ridge National Laboratory said that the 'peak' of floating-point operations can peak at speeds of up to 2 billion billions per second. Of these, 4608 compute servers are used, and each compute server contains 22 cores from two International Business Machines companies. Power9 processor and 6 Nvidia Tesla V100 graphics processing unit accelerators.
Prior to this, in the list of top 500 global supercomputers announced at the end of 2017, the Chinese supercomputer 'Shenwei Taihu Light' was at the top of the list, with a floating-point operating speed of up to 12.5 billion per second, and a continuous operating speed of Second 9.3 billion billion times.
U.S. Energy Minister Rick Perry said that 'very' supercomputing will have a profound impact on energy research, scientific discovery, economic competitiveness and national security.
According to reports, 'Vertex' can be used for research in the fields of energy and advanced materials, and it can also run artificial intelligence algorithms such as machine learning and deep learning to solve the problems of human health, high-energy physics, etc.
5. Huawei wants to build a car Perhaps only poor Ren Zheng nodded!
Even if technology companies are not new to the automotive industry, people will still be surprised that this wolf arrives.
Recently, it was reported that Huawei, the global telecommunications giant, will enter the auto industry. In the small test site in Jinqiao, Shanghai, Huawei's two rotating chairman Xu Zhijun and Guo Ping have tested and drove a Huawei-owned three-electric system. Test models. It is reported that this test model was modified from the Tesla Model X, the person in charge is the director of Huawei's car networking innovation center Cai Jianyong.
1, did not deny this time
As early as October 2016, there was news that Huawei was in contact with well-known auto parts supplier Magna Steyr, trying to enter the automotive manufacturing industry through OEM. However, Huawei subsequently firmly stated that the company did not Building plans.
Since then, Huawei has been exposed by the media for the third consecutive year in the major colleges and universities to recruit new graduates related to the automotive profession, the recruitment of the station in addition to smart driving technology research and development, including power battery system development and design, charging solutions and vehicle Design, etc. The imagination that the information brings to the world far exceeds the pure communication technology of China.
Immediately afterwards, Huawei withdrew all recruitment information on open positions related to automobile positions. At present, the “International Financial News” reporter has verified that there are no traces of Huawei’s recruitment for automobile positions in major domestic recruitment websites.
Interestingly, this time it was revealed that in the Shanghai Jinqiao test vehicle, the ever-strongest Huawei public relations has yet to be denied. In contrast, the previous articles on Huawei's 'car dream' were on the Internet's 'survival' time. No more than 24 hours.
2, behind the dark hand
In fact, Huawei has been deepening the field of Internet automotive.
In 2013, Huawei established the 'Car networking business unit' and announced its formal entry into the car networking sector.
In 2014, Huawei successively established cooperative relationships with domestic automakers such as Dongfeng, Chang'an and SAIC to cooperate in car networking and smart cars.
In May 2015, Huawei and Volkswagen AG reached a cooperation to jointly promote car networking and research and develop a series of car-linked applications;
In September 2016, Huawei and Audi, BMW, Daimler, Ericsson, Intel, Nokia and Qualcomm established the '5G Auto Union'.
In November 2017, Huawei and the PSA Peugeot Citroen Group established a strategic partnership in the field of car networking;
In June 2018, Huawei cooperated with Audi and plans to launch a model equipped with 5G networking technology in 2020.
Not long ago, in the Strategy Paper issued by the Huawei Strategy Committee for 2018, the car networking was listed as the first business priority. The document clearly stated that Huawei will further accelerate the layout, and the goal is to make the Internet of Vehicles the world's No. one.
According to Xiong Wei, the president of Huawei's LTE product line, in 2018, Huawei plans to provide a solution for the interconnection of the 100,000-vehicle network. It can be said that relying on powerful communication technologies, Huawei is not only powerful in the layout of the concept of the Internet of Things. Strong, and ambitious.
In the unmanned area, Huawei also made a contribution. At the 2018 Mobile World Congress, Huawei used a mobile phone to control a modified Porsche, and completed a series of basic skills for unmanned cars under remote control.
In addition, Huawei’s reserves for new energy batteries have begun to take shape. As early as 2014, Huawei announced its investment in graphene technology. At that time, Huawei and Nobel Prize Physics, known as the father of graphene Academic award winner Konstantin Novoselov and his University of Manchester are working closely together.
At the end of 2016, at the 57th Japan Battery Conference, Watts Laboratories of Huawei Academia Sinica announced that its research has achieved a major breakthrough in the field of lithium-ion batteries. Related experimental results show that the new graphene-based high temperature The technology can increase the upper limit of the use temperature of lithium-ion batteries by 10°C, which is twice the service life of ordinary lithium-ion batteries. Huawei will also introduce the industry's first high-temperature long-life graphene-powered lithium-ion battery.
Industry analysts told the “International Financial News” reporter that the development of a stable high-density battery is the most difficult level to overcome in the manufacture of electric vehicles, and this is the core of an electric vehicle.
Analyst Ren Wanfu told the “International Financial News” reporter that with his own experience in networking and driverless driving, Huawei would like to enter the vehicle manufacturing industry.
3, traditional business approaching 'bottleneck'
Returning to Huawei's industry, it is not difficult to find that its major competitors Apple, Samsung, and ZTE have all had 'deliberate' on this major event.
Although the results of the cyclical trial of the 'Project Titan' made Apple realize how difficult it was to make a car, Apple was trying to achieve its own 'car dream' by acquiring Tesla; while Samsung was already In 1994, the automotive division was established. Although the development did not go smoothly, it was even acquired by the Renault Group in the later period. Samsung Motors did not completely disappear; as for ZTE, it was no secret that it was a vehicle builder. In November 2016, ZTE was Zhuhai Jinwan District officially laid the foundation for its automobile manufacturing base.
The same industry leader, how Huawei can remain indifferent?
Yuan Tingqiu, deputy dean of Huawei's Central Research Institute, once stated that smart cars are an exciting industry in which the most important infrastructure industries of humanity have converged: traffic travel industry, automobile manufacturing industry, communications industry, internet industry A cordial handshake took place.
Earlier, Huawei estimated that the company's revenue in 2021 will exceed US$150 billion, and it may exceed US$200 billion in the next ten years. But since last year, the growth rate of Huawei's revenue has begun to slow, especially as Income pillar operator business.
The financial report shows that in 2017, Huawei achieved a total revenue of 603.6 billion yuan (approximately US$ 92.5 billion), an increase of 15.7% year-on-year. Among them, Huawei's operator business realized a total revenue of 297.8 billion yuan, a slight increase of only 2.5% year-on-year. The revenue growth of Huawei's carrier business in 2014-2016 was 16.4%, 21.4% and 23.6%, respectively.
At the same time, the consumer business (mainly based on smartphones), which is the main growth driver for Huawei’s revenue, is also considered difficult to support the company’s long-term growth. Although in 2017, Huawei’s consumer business achieved a growth of 31.9%. , Breakthrough 200 billion revenue revenue, but Xu Zhijun bluntly stated that this business has potential risks.
At present, the country is vigorously promoting new energy vehicles. For Huawei, it is also a cross-border direction.
In addition, Huawei never lacks funds, and this is also the foundation for all company development. The data shows that at the end of 2017, Huawei's book fund balance was as high as 175.35 billion yuan. For reference, Apple Inc., known as the “rich enemy” The balance of book funds at the end of 2017 was approximately RMB 176.02 billion.
Li Bin, the Chairman of Weilai Automobile, once said that the new carmakers want to be successful in the vehicle manufacturing sector and need at least 20 billion yuan. From the perspective of Huawei’s current capital reserves, 20 billion yuan is obviously not an obstacle.
4, Innovation Schools and Conservatives
There are innumerable sufficient conditions for Huawei to build a car. However, only one of the necessary reasons for impeding its construction is often required.
According to sources, as the spiritual leader of Huawei, Ren Zhengfei, who has shaped Huawei's 'wolf culture', once rejected the idea of Huawei trying to enter the automobile manufacturing industry. For a long time, Ren Zhengfei hoped that Huawei could focus on the development of the company. On the main business.
Nowadays, Ren Zhengfei’s conservative views have caused dissatisfaction among more and more young people within Huawei. It was reported that on April 8 this year, “President of Huawei Blues” Pan Shaoqin had used a Huawei Huawei employee’s name as 'Huawei'. The Blue Army's open letter criticizing Ren Zhengfei for 10 sins raised fierce criticism of Ren Zhengfei. The article stressed that Ren Zhengfei should encourage innovation rather than let the idea be smashed in the cradle from the beginning.
In contrast, Xu Zhijun, who is in charge of the products and strategy, has always been the main promoter of Huawei's carmaking program. In almost all public speeches in recent years, Xu Zhijun mentioned cars and driverless vehicles without exception. He even There is no disguise about the conflict with other Huawei executives on this issue, including Ren Zhengfei.
However, in the end, Huawei’s strategy for building a vehicle still needs to make a nod of Ren Zhengwei. Perhaps at the Huawei’s annual strategy meeting in October this year, the “innovative faction” could find an opportunity to convince him. It is reported that the core theme of this conference is “the car”.
International Finance News
6. The 5G segment of the ZTE event has been cheered. The fund company sees 4 limit stops.
After two months, the ZTE event finally landed.
China Securities Journal reporter was informed that on June 7, ZTE Corporation (31.31 suspension of trading, diagnosis shares) had signed the settlement agreement of the US Department of Commerce. The agreement has yet to be approved by the U.S. government and, after satisfying certain conditions, the refusal will be lifted. .
But the price is also expensive:
$1 billion fine;
In addition, 400 million U.S. dollars will be prepared for safekeeping by third parties;
The U.S. Department of Commerce also requested ZTE to replace the board of directors and senior management within 30 days.
Reaching a settlement is good news for ZTE's 80,000 employees and 31 million shareholders. But at the same time, the sky-high fine will also have a negative impact on ZTE's short-term performance.
ZTE issued internal letter
On the evening of June 7th, ZTE issued an internal letter to all employees, hoping that employees would stick to their posts and not be affected by rumors. They should learn from their pains and stick to the compliance baseline.
The letter stated that the activation of this refusal order caused great losses to the company and the company paid a terrible price for it. The occurrence of this incident, based on the conclusions of the current internal and external investigations, shows that the direct cause is the small number of cadres and The employee's work negligence caused it, but its essence reflects the company's problems in compliance culture and management.
The internal letter pointed out that lessons should be learned and effectively accountable to prevent similar situations from occurring in the future. At the same time, we must strengthen the compliance culture, further strengthen the internal control, improve the company’s compliance system, and always regard compliance as the strategic foundation for the development of the company. .
Once the refusal order is lifted, ZTE will quickly return to normal operations. Earlier media reports said that as long as the ban was lifted, ZTE would only need a few hours to resume operations.
Guojin Securities (7.79 -2.50%, diagnostic stocks) believes that after the lifting of the ZTE ban, the market will also be relieved of concerns about the ZTE event affecting the 5G commercial process. The ZTE event is an opportunity. In the long run, the future of China's communications industry will be Accelerate the occupation of technological highlands and achieve localization alternatives.
On the morning of the 8th, the 5G concept stocks rose across the board, Xintian Technology (21.63 +10.02%, diagnostic stocks), Kexin Technology (19.39 +9.98%, diagnostic stocks) both sealed daily limit, Guangwatong (29.80 +6.43%, diagnosis ) rose 8%, Tianfu Communication (19.37 +4.36%, diagnosis stocks), Tai Chenguang (18.55 +3.23%, diagnosis stocks), Co-shares (6.78 +2.42%, diagnosis stocks) and other stocks have strengthened.
Peak circuit turn 53 days
The outbreak of the ZTE incident was very sudden.
On April 16, 2018, local time, the United States announced that ZTE’s export control measures will prohibit US companies from selling parts, merchandise, software and technology to ZTE for 7 years until March 13, 2025.
This is a follow-up to ZTE’s acceptance of a large U.S. fine.
On March 8, 2016, the U.S. Department of Commerce stated that ZTE was suspected of violating the U.S. export control policy against Iran and imposing an embargo on it. ZTE rectified and replaced its management through internal control, and finally the U.S. Department of Commerce on March 7, 2017. , The Ministry of Justice and the Ministry of Finance’s Overseas Assets Management Office’s sanctions investigation concluded that the company paid a fine of US$890 million.
In the April 16 embargo statement this year, U.S. Department of Commerce officials determined that ZTE made many false statements in 2016 and 2017: ZTE Corporation promised to expel the 4 senior executives involved and reduce bonuses or penalties. In other ways, 35 employees were punished. However, ZTE dismissed only 4 senior executives and did not penalize or reduce the bonus of 35 employees.
As one of the world’s leading integrated communication solution providers, ZTE has maintained a good cooperative relationship with many U.S. suppliers and provided support for nearly 130,000 high-tech jobs in the United States. Experts pointed out that ZTE and many U.S. companies With close cooperation, the U.S. government’s export control measures for ZTE will cause Qualcomm, Intel and other ZTE suppliers in the United States to suffer losses as well.
ZTE issued a statement on April 20, responding that the U.S. Department of Commerce’s sanctions were 'very unfair and unacceptable.' Zeng Yinmin, chairman of ZTE Corporation, said at the press conference that the U.S. Department of Commerce’s refusal to activate has caused the company to immediately enter a state of shock.
On May 6, ZTE submitted an application to suspend the execution of refusal orders to the US Department of Commerce’s Bureau of Industry and Security.
On May 13, Trump issued a statement in Twitter that it is providing a way for ZTE to quickly resume business.
On June 7, after 53 days of negotiation, the ZTE event finally reached a settlement.
Fund companies have lowered their valuation
As a company with a market value of 100 billion yuan, how ZTE’s stock price will be reflected in the resumption of trading will directly affect the interests of investors.
The data shows that as of the end of the first quarter of this year, the number of shareholders of ZTE reached 312,300.
However, on June 7, the Wells Fargo Fund announced that it once again lowered the valuation of the ZTE's stock held by its funds.
Among them, A shares of ZTE Corporation were valued at RMB 20.04, and Hong Kong shares of ZTE Corporation were valued at HK$16.38.
This time, the Wells Fargo Fund downgraded ZTE's valuation and involved 12 funds of the Wells Fargo Fund. Before the suspension, the closing price of the A shares of ZTE was 31.31 yuan. The valuation of the fund company was about 36% lower than the closing price before the suspension, which is equivalent to nearly four. A daily limit.
On April 19, the Wells Fargo Fund had also lowered the valuation of ZTE A-shares and Hong Kong stocks at the same time. The prices of the two companies were reduced to 25.05 yuan and 20.48 Hong Kong dollars respectively, and the adjustment rate was 20%.
Before this, there have been at least 40 funds raised for ZTE, including Rongtong, China Post, Dacheng, and the South, and the downward adjustments were mostly between 2 and 4 low limit, and the valuations given by various fund companies The value is between 24.78 yuan and 25.05 yuan.
In addition, ZTE has also been adjusted to the MSCI list. On May 30th, MSCI issued a provisional announcement. Five companies, including ZTE Corporation, Oriental Garden (15.03 suspension, diagnostics), will not be included in the MSCI China Index for the time being. It will also be removed from the MSCI A Shares Global Interchange Index and the MSCI China A Shares Market Index, with effect from June 1st.
However, the above-mentioned funds also indicated that after ZTE’s shares resume trading and resume active trading characteristics, they will resume their valuation on the same day’s closing price. China Securities Journal