China-Singapore Jingwei Client, October 12, according to the "Hurun Report" WeChat account on the 12th, the "2020 Hurun China Top 10 Consumer Electronics Companies" announced that Huawei has become China's most valuable consumer electronics company with a value of 1.1 trillion. Xiaomi ranked second with a value of 434 billion; VIVO exceeded OPPO for the first time in value and ranked third with 175 billion.
Source: "Hurun Report" WeChat ID
According to reports, the Hurun Research Institute today released the "2020 Hurun Top 10 Consumer Electronics Companies in China", which lists the top 10 domestic consumer electronics companies in China, ranked according to their market value or valuation.
The market value of listed companies is calculated based on the closing price on September 30, 2020, and the valuation of non-listed companies refers to the publicly available valuation of the latest round of financing, or to the valuation of similar listed companies.
This is the first time the Hurun Research Institute has released the list, and the scope of the survey only includes private enterprises in mainland China.
Consumer electronics refer to electronic products used by consumers in their daily lives, mainly referring to smart phones and various wearable devices.
The list does not include Gree, Midea, Haier and other traditional household appliances companies and Cobos and other smart home appliances companies represented by sweeping robots; some companies, such as Keda Xunfei, have also launched consumer electronic products such as voice recorders and smart office notebooks. However, it accounts for less than 50% of the total revenue and is not included in the list. The companies on the list use B2C as their main business. Some companies, such as AirPods's Goertek shares and Electronic atomizers, are worth more than 1,000. 100 million, but B2B is the main business, so it is not on the list.
Hurun Report, Chairman and Chief Research Officer, Hurun said that China's leading consumer electronics brands are the most recognized Chinese brands overseas, especially Huawei, Xiaomi, VIVO, OPPO, Lenovo, and the best-selling mobile phones in Africa.
Hurun further stated, “Affected by the US sanctions, Huawei is facing considerable difficulties. Its value has fallen from 1.2 trillion yuan last year to 1.1 trillion yuan. Huawei has successfully developed a consumer electronics business from the information and communications infrastructure business. Business revenue increased by more than 30% year-on-year, accounting for nearly 60% of the group’s total revenue. Huawei’s consumer business is dominated by mobile phones. Last year, Huawei’s (including Honor) smartphone shipments exceeded 240 million units, with a market share of 18%. Ranked among the top two in the world; the market share of 5G mobile phones is the largest in the world."
Among the top ten consumer electronics companies, five make mobile phones, including the top four and the sixth best-selling TRANSSION in Africa; the five companies shipped 620 million smartphones last year, accounting for 40% of the world.
Regionally, Shenzhen and Dongguan are the main ones. The Greater Bay Area accounts for seven of the top ten, including 5 in Shenzhen and 2 in Dongguan; 2 in Beijing and 1 in Xiamen.
In addition, the top five is only a listed company of Xiaomi.
Specifically, Huawei has become China's most valuable consumer electronics company with a value of 1.1 trillion.
Founded in 1987, Huawei is the world's leading provider of information and communication infrastructure and smart terminals. It currently has 194,000 employees, operates in more than 170 countries and regions, and serves more than 3 billion people.
Huawei is 100% owned by employees and implemented an employee stock ownership plan through the labor union, with more than 100,000 participants.
Xiaomi ranked second with a value of 434 billion.
Xiaomi is an Internet company with mobile phones, smart hardware and IoT platforms as its core. Starting from smart phones, its current product line has covered notebooks, routers, smart hardware, wearable devices, home appliances, etc., and its business has entered more than 90 worldwide The country and market had revenue of 205.8 billion yuan last year.
According to Canalys' statistics, in the second quarter of this year, Xiaomi's smartphone shipments steadily ranked among the top four globally, with a market share of 10.1%.
VIVO ranked third with a value of 175 billion.
VIVO is a technology company that provides smart terminal products and services. It has a complete design, research and development, and manufacturing system. It has established independent and cooperative research and development networks in many cities at home and abroad. The research and development scope includes 5G communications, artificial intelligence, industrial design, Imaging technology and many other frontier areas of personal consumer electronics products and services have 350 million users in more than 30 countries and regions around the world.
OPPO ranked fourth with 170 billion value.
OPPO is the world's leading smart device manufacturer. Since its establishment in 2004, OPPO has covered more than 40 countries and regions around the world, serving more than 300 million users, and its R&D investment in 2019 reached 10 billion yuan.
In addition to smart phones, products also include smart hardware such as smart bracelets, watches, and wireless headsets.
DJI is ranked fifth with a value of 100 billion.
Since its establishment in 2006, DJI Innovation has continuously innovated technological products and solutions in the fields of drones, handheld imaging, robot education and more cutting-edge innovations.
Transsion Holdings ranked sixth with a value of 77 billion.
Founded in 2013, TRANSSION Holdings provides smart terminal products and mobile Internet services for emerging markets. It owns mobile phone brands TECNO, itel and Infinix, as well as digital accessories brand Oraimo, home appliance brand Syinix, and after-sales service brand Carlcare. The main sales areas are Concentrated in global emerging market countries such as Africa, South Asia, Southeast Asia, the Middle East and South America.
In 2019, TRANSSION's global shipments of mobile phones were 137 million (including feature phones), of which the African market share reached 52.5%.
Lenovo Group ranked seventh with a value of 54 billion.
Lenovo Group is committed to researching, designing and manufacturing a complete end-to-end smart device and smart infrastructure product portfolio, and providing intelligent transformation services and solutions for the industry.
Lenovo Group is a Fortune 500 company with 63,000 employees and operations in 180 countries and regions. In 2019, the personal computer market share reached a record 24.5%.
Yingqu Technology ranked eighth with a value of 27 billion.
The predecessor of Yingqu Technology was Malata Network Control Division, which mainly engaged in the R&D and production of Logitech remote controls.
After independent operation, Yingqu has accelerated the expansion of new categories and new customers. In terms of products, it gradually cuts into smart homes, engraving machines, Internet of Things thermal printers and VR glasses from the original network remote control, and gradually builds intelligent control components and innovative consumer electronics product.
The company’s star products include the Internet of Things thermal printer (cuckoo machine), the portable version of the smart cuckoo machine MEMOBIRDGO and the black cherry microphone.
Fogcore Technology ranks ninth with a value of 15 billion.
Fogcore Technology is a consumer-grade electronic atomizer brand company. Its current main business is the research and development, design and sales of RELX brand electronic atomizers.
Last year, RELX launched a technical cooperation development project with the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences. The research and development of the project focused on the comparison of the psychophysiological effects on the population, the optimization of electronic atomizers, and the physiological effects of other electronic atomizers. Frontier technology research in evaluation and other aspects.
Edifier ranks tenth with a value of 14 billion.
Edifier started with the business of R&D, production and sales of multimedia audio, and has its own brand audio of Edifier.
The launch of the "True Wireless Stereo" series of headset products in 2019 increased headset revenue by 91% year-on-year, accounting for more than the multimedia audio business.
(Zhongxin Jingwei APP)