1. First of all, the two companies are registered in different places, and their tax requirements and conditions are different. Tencent Ali is registered in a tax haven in the Cayman Islands, while Huawei insists on registering in China, so this is the case. Companies registered in the Cayman Islands only need to pay a small management fee every year. There is no enterprise income tax and personal income tax, and the registration procedure is simple.
If the clan company is registered in Cayman, the second-tier listed company is also registered in Cayman, the third-tier shell company is registered in Hong Kong, the fourth-tier Hong Kong and Macao-funded company is registered in China, and the fifth-tier operating company is registered in China. The hierarchy is clear. Domestic operating companies distribute all profits to enterprises invested in Hong Kong and Macao, and then distribute profits to Shell in Hong Kong. The corporate income tax of Hong Kong companies is only 5%, and the rest is paid to Cayman.
It is understood that by the end of 2020, the number of companies registered in the Cayman Islands has exceeded 1 10000. For example, well-known domestic companies such as Dangdang, Qihoo 360 and Sina are all registered in the Cayman Islands.
2. Huawei is a hardware company and Tencent is an internet company. Huawei attaches great importance to talents, technological innovation and product development. All these require constant spending of money and time. It needs to invest a lot of money in these talents and equipment. Huawei has 1000 doctors and dozens of Russian mathematicians. In 20 15 years, Huawei even entered the top ten research and development funds of non-military enterprises in the world!
Tencent's main profits are advertising profits, some QQ value-added services and games. Games occupy the majority. With almost only development and server guarantee, Tencent naturally has social traffic. Tencent has a huge advantage in games, and games are the most profitable. The glory of the king even provided Tencent with a daily record of over 654.38 billion RMB, with little investment. This is very simple, so the profit of an Internet company like Tencent can easily reach 80%. For people who really do manufacturing like Huawei, although the bill looks gorgeous, how many people can understand the payment during it? In addition, Huawei's annual profit is dwarfed by Tencent, a company that makes money on the Internet.
3. Hardware companies have high costs and Internet companies have low costs. For hardware companies such as Huawei, the cost is huge. Every link has capital, such as personnel salary, equipment depreciation, marketing expenses and high research and development expenses. Therefore, Huawei's R&D expenditure in 20 17 years is as high as 1000 billion yuan. Internet companies, on the other hand, have little capital, except manpower, marketing and hardware.
So as early as 20 17, Huawei's revenue reached 603.6 billion yuan and its net profit was 47.5 billion yuan. Tencent's revenue was 237.76 billion yuan, but its net profit was as high as 765.438+0.5 billion yuan. Huawei's revenue is higher than the sum of Alibaba and Tencent.
There are too many ways to make money on the Internet, but the forms of hardware companies are limited. In addition to hardware sales, it is enterprise services. In addition, other income is also very small. But the internet can change its form to make money, be a member, sell advertisements, play games, entertain people, do e-commerce and so on. Therefore, the valuation of Internet companies is so high, but I am glad to have Huawei.
Finally, Huawei is owned by all employees, and its salary and year-end bonus are notoriously high. It seems that people who engage in finance can earn a lot of money by relying on virtual concepts, while those who really roll up their sleeves and work hard can only earn a meager salary. This is the most unreasonable thing in the world. Therefore, Huawei has never been stingy with its employees, holding high salaries and high year-end awards. The welfare is good, and all employees are raised by wives. Of course, Huawei's profit account doesn't look very good.