On the morning of March 31st, the infighting between Vantage and its subsidiary Vantage Electronics developed into a situation of mutual alarm. WU GANG, former chairman of Vantage Electronics, said,Vantage shares brought a group of people to forcibly control Vantage’s electronic security room, and verbally dismissed Ms. Qiu, Vantage’s electronic financial manager, at the scene, and the door of Vantage’s electronic reference room was violently opened. Vantage Electronics had already called the police.
Vantage shares said: the act of entering Vantage Electronics, a holding subsidiary, is in compliance with relevant laws and regulations. The company has reported to the police for the relevant personnel who illegally blocked the audit work of the joint-stock company and maliciously spread false information today.
According to the interface news at the scene, the contradiction between the two sides comes from Vantage’s continuous reduction of orders to Vantage Electronics, which80%-85% of the revenue comes from the business of producing core components for Vantage, and in the past few years, Vantage electronic orders have dropped by about 80%. WU GANG asked to negotiate with Pan Yejiang, chairman of Vantage, but never received a reply.
On March 31, Huawei released its annual performance report for 2022 at Shenzhen Bantian Headquarters. In 2022, Huawei’s revenue in 2022 was 642.3 billion yuan, an increase of 0.9%; Basic net profit fell by 68.7% to 35.6 billion yuan; Cash flow from operating activities decreased by 70.2% to 17.8 billion yuan, and net cash decreased by 26.9% to 176.3 billion yuan.
Among the basic financial data, the biggest change is the level of net profit. In 2022, the net profit was only 35.6 billion yuan, down 68.7%, reaching an all-time low. At the same time, however, Huawei’s total R&D expenditure is 161.5 billion RMB, and its R&D expenditure rate is 25.1%, which is at an all-time high.
Huawei also disclosed the revenue of digital energy, Huawei cloud and smart car solution BU for the first time: in 2022, digital energy business revenue was 50.8 billion yuan, Huawei cloud business revenue was 45.3 billion yuan, and smart car solution BU revenue was 2.1 billion yuan.
On March 31st, it was reported in 36Kr that Ren Zhengfei, founder and CEO of Huawei, issued an internal document, reiterating that "Huawei does not build cars", and the document was valid for 5 years. The document also puts forward strict requirements for the exposure of Huawei logo in automobile design, stipulating that the words "HUAWEI/ Huawei" cannot be used in the publicity and appearance of the whole vehicle, and emphatically points out that the expressions "Huawei asks the world" and "HUAWEI AITO" cannot be used.
Huawei said that the business model of the car will not change, and Huawei is still deeply empowered.
At the beginning of this month, AITO used the brand-new slogan "HUAWEI asks the world" for the first time in the publicity of Weibo, WeChat and other platforms. Since then, almost all the AITO car bodies in HUAWEI’s offline stores have been affixed with the logo of "Huawei asks the world", and offline channels also use this as a key propaganda speech to highlight Huawei’s strong empowerment.
On March 31, the Italian Personal Data Protection Agency announced that ChatGPT, a chat robot, would be banned from now on, and that OpenAI, an American artificial intelligence company that developed this platform, would be restricted from processing Italian user information. The platform does not inform about the collection and processing of user information, and lacks the legal basis for collecting and storing a large amount of personal information. OpenAI "must inform the Italian Personal Data Protection Bureau of the measures taken by the company to implement the requirements of the protection bureau through its representatives in Europe within 20 days", otherwise it will be fined up to 20 million euros or 4% of the company’s global annual turnover.
On March 31 ST, Li Wei, vice chairman and COO, said at the forum: "Knowledge content has become the mainstream of Internet content. The two major trends of videoization and the growth of the younger generation have pushed bilibili from the animation community to a useful and interesting comprehensive video platform. " As of March this year, bilibili’s general knowledge content accounted for 41%. In the past year, in addition to the original content circle, bilibili added more than 700 new content categories.
On March 31st, Hisense Video announced that Hisense Video intends to spin off its holding subsidiary, Xinxin Micro, to the Shanghai Stock Exchange for listing in science and technology innovation board. After the completion of this spin-off, the ownership structure of Hisense Video will not change, and it will still maintain its control over Xinxin Micro. Xinxin Micro, a subsidiary of this spin-off, focuses on the research and development of display chips and AIoT intelligent control chips, and maintains a high degree of independence from other business segments of Hisense Video. This spin-off will not have a substantial impact on the continuous operation of other business segments of Hisense Video.
According to the First Financial Report, on March 31st, Skycar (Changsha) Group Co., Ltd. issued a notice saying that due to the company’s financial situation and production and sales plans, some positions of the company will be suspended from production and work as of April 1st, 2023. During the suspension of production, employee social security is still declared according to the original base. However, after the first payment cycle, the relevant employees will pay the living expenses according to the local minimum wage until the company resumes production. During this period, employees can find new employment opportunities on their own and leave their jobs voluntarily.
