This paper holds that Huawei ESOP is an important innovation of its enterprise system, which gradually changes the production and distribution relations in the process of operation. Firstly, although Huawei enterprises are private enterprises in the legal sense, they are not public enterprises in the fundamental characteristics, but they make the ownership of enterprises have some characteristics of collective ownership and cooperative production relations and development trends through the form of virtual equity held by employees. Secondly, in the aspect of distribution relationship, because the nature of private enterprises is not distribution according to work, but it is not a pure way of distribution according to labor value elements, but has the characteristics of sharing system, that is, employees share most of the surplus value they create by virtue of virtual equity, and the quantitative basis of distribution is according to their labor contribution to the enterprise. And further analysis of the changes in the economic relations of Huawei enterprises for the formation of labor collective force and innovation is an important influence, and also analyze the coexistence of nonpublic economy and nondistribution according to work in the process of socialist economic development in China under the condition that the fundamental economic system of public ownership remains unchanged. As well as the factors of socialist public ownership and distribution according to work generated within nonpublic enterprises, have practical value for the innovation of the theoretical system of socialist political economy with Chinese characteristics.
