First, the problem of Datang Telecom has a long history. It is basically impossible to completely turn losses into profits this year. Datang Telecom once had the top strength in 3G technology, which can be said to be one of the three major technologies in the world. As a company established in 200 1, Datang has made very high profits by providing its own communication services to the three major operators. But later, after the emergence of 4G, Huawei and ZTE seized the wind of the times, threw themselves into it, and made good profits. However, Datang Communication failed to catch the wind because of the volume problem, and finally made a mistake, and then fell behind others. After 3G was suspended, it basically showed a loss. And it has been losing money for ten years in a row, so it is really impossible to turn losses into profits in just one year this year.
Second, but Datang Telecom is steadily improving. It can be said that losses will be reduced this year, and there is hope for profits in the next few years. Although Datang deviated from the track, Datang Telecom did the right thing. First of all, it found its core business highlights, namely smart chips and unique communications, and cooperated with Qualcomm Capital to set up chip companies, which became two semiconductor and smart chip manufacturing companies respectively. Datang Telecom established our first automobile chip company on 20 14. At the same time, Datang Telecom focuses on special chips and security chips, which not only caters to the current trend of the Internet of Things, but also is a powerful investment in the era when automobile chips are in short supply, so I think Datang Telecom is not hopeless.
I believe Datang Telecom will have a better future after getting rid of the complicated business!