June 30, 2022

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George Zhao, CEO of Chinese language smartphone emblem Honor, has mentioned that the yearly gross sales quantity of the worldwide smartphone marketplace is between 1.3 billion and 1.4 billion gadgets, and that the yearly gross sales quantity of the Chinese language smartphone marketplace is between 250 million and 300 million gadgets, appearing important doable for enlargement, consistent with a record by means of China Securities Magazine on Thursday.

In 2021, Honor gave precedence to the advance of the Chinese language marketplace, and in 2022, Honor will absolutely release out of the country marketplace gross sales. Zhao predicted that there will likely be no bottleneck length for Honor within the subsequent 5 years, and that its marketplace percentage will proceed to upward thrust.

George Zhao additionally mentioned that Honor has 12,000 staff, and that R&D team of workers account for greater than 50%. The corporate will proceed to hold out technological innovation, and the share of R&D funding will likely be a lot upper than that of selling. Within the first quarter of this yr, Honor’s fee of benefit and fee of money waft each exceeded 100%, appearing a robust working money waft. Some banks be offering more than a few varieties of fortify, and different shareholders and capital resources can permit the corporate to expand higher.

Honor 60 (Supply: Honor)

In step with CINNO Analysis, within the first quarter of 2022, the gross sales quantity of China’s smartphone marketplace was once about 74.39 million gadgets, down 14.4% year-on-year and up 0.7% quarter-on-quarter. Honor, alternatively, carried out strongly, with a gross sales quantity of 12.6 million gadgets within the first quarter, up 176.0% year-on-year and 20.9% quarter-on-quarter, rating 2nd in China after OPPO.

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As well as, the company’s clever production manufacturing unit situated in Pingshan District, Shenzhen was once opened lately. Honor’s Magic4 sequence smartphone manufacturing line and the corporate’s “Production & High quality Laboratory” opened to the general public for the primary time.

The brand new manufacturing unit basically produces high-end cell phones, together with the Honor Magic sequence and flagship sequence. In step with Tune Yiwen, director of the Honor Provide Chain Control Division, the corporate has many companions, together with BYD, Shenzhen Kaifa Generation, and DBG Generation. Honor supplies technical fortify and comparable apparatus via this cooperation association.