On April 22nd, the Huawei Pura 70 and Pura 70 Pro+ officially went on sale, following the earlier release of the Huawei Pura 70 Pro and Pura 70 Ultra models.
With this, all four models of the Huawei Pura 70 series are now available for purchase.
On the first day of sales, the new devices sold out online within just 1 minute, with Huawei stores offline experiencing long queues once again.
The blazing success of the Huawei Pura 70 can be attributed to its well-established domestic industrial supply chain, which includes companies like BOE Technology, Lianchuang Electronics, and Crystal Optoelectronics, among others.
A check of the stock prices of these companies on the day before the official launch of the Pura 70 series revealed varying degrees of increases. BOE Technology saw a rise of 1.42%, Lianchuang Electronics surged by 7.45%, and Crystal Optoelectronics climbed by 4.18%.
Huawei's outstanding performance in 2023 has also greatly boosted the performance of these supply chain companies. Taking BOE Technology with a market value of hundreds of billions as an example, its stock price has increased by approximately 30% since 2023.
Crystal Optoelectronics delivered a commendable performance in 2023, with a full-year revenue of 5.076 billion yuan, a year-on-year increase of 16.01%; and a net profit attributable to shareholders of 600.2 million yuan, up by 4.15% year-on-year. These achievements were made despite a less than ideal performance in the first half of the year.
With the introduction of the Huawei Pura 70 and the potential sales reaching around 15 million units, the performance of both BOE Technology, Lianchuang Electronics, and Crystal Optoelectronics is expected to further improve. The popularity of the Huawei Pura 70 may well ignite the entire industry chain.
