This week, Shuyuan Technology released 5G communication smartphone case. The first batch of cases is compatible with Huawei P50 Pro. The manufacturer is selling this 5G smartphone case for 799 yuan ($120). In addition to the most basic protection, this special mobile phone case also brings 5G dual-mode support to the Huawei P50 Pro. It also supports the three major operators in China, and only needs to activate the eSIM service.
According to reports, there will be 5G communication smartphone cases for other Huawei models. The Huawei Mate 50 appears to be the next in line. Although the product is yet to commence sales, it has been attracting a lot of attention. Furthermore, the company behind the innovation has been recording an increase in its share price.
Yesterday, Shuyuan Technology’s intraday daily limit closed for 3 consecutive daily limits, and the stock price is 8.61 yuan ($1.29). During the continuous daily limit, the stock rose 33.08% cumulatively, and the cumulative turnover rate was 9.78%. The latest A-share market value hit 3.907 billion yuan ($585 million), and the A-share circulating market value is 3.336 billion yuan ($500 million).
Previously, the company’s first quarterly report data released on April 30 showed that the company achieved a total operating income of 649 million yuan ($97 million) in the first quarter, a year-on-year increase of 100.82%. It also has a net profit of 4.8721 million yuan ($730,000), a year-on-year decrease of 7.39%.
We know that the U.S. government is totally against Huawei and has been trying to ground the company. However, the government is going about it smartly by approving some 4G technologies for Huawei’s use. Before the U.S. ban, Huawei was set to overtake Apple in the smartphone market. The company was gearing up to become the largest smartphone manufacturer in the world. However, the ban came and truncated everything and the Chinese company’s smartphone business has been struggling since.
The U.S. government claims that it is banning Huawei for national security reasons. However, Huawei claims that it has no ties with the Chinese government and does not threaten U.S. national security.
As of now, the Chinese manufacturer says it is no longer competing in the smartphone market. According to the company, it is only trying to survive and does not have the capacity to compete in the smartphone market. However, the company are still releasing new smartphones most of which support only 4G.