Huawei sets fire to domestic supply chains

Today, Huawei Pura 70 and Pura 70 Pro+ models are officially on sale. A few days ago, Huawei Pura 70 Pro and Pura 70 Ultra models were already on sale.

So far, all four models of Huawei’s Pura 70 series have been put on sale.

On the first day of sales, the new phone was sold out in just one minute after it went on sale online, and long queues reappeared in many offline Huawei stores.

The popularity of Huawei Pura 70 is inseparable from the complete domestic industrial supply chain, which includes BOE A, Lianchuang Electronics, Crystal Optoelectronics and other listed companies.

After checking the stock prices of these companies the day before Pura 70 was officially launched for sale, it was found that the stock prices had increased to varying degrees. Among them, BOE A rose by 1.42%, Lianchuang Electronics rose by 7.45%, and Crystal Optoelectronics rose by 4.18%.

Huawei's performance in 2023 is also very impressive, and the performance of most of these supply chain companies has also been boosted. Take BOE A, which has a market value of 100 billion, as an example. Its stock price has increased by about 30% overall from 2023 to now.

Crystal Optoelectronics will perform well in 2023. Annual revenue was 5.076 billion yuan, a year-on-year increase of 16.01%; net profit attributable to the parent company was 600.2 million yuan, a year-on-year increase of 4.15%. This was achieved despite a less than ideal performance in the first half of the year.

With the launch of Huawei Pura 70 and the sales volume that may reach about 15 million units, the performance of BOE A, Lianchuang Electronics and Crystal Optoelectronics will improve, and the popularity of Huawei Pura 70 may ignite the entire industry chain.