Huawei 2022 Annual Report shows Sustained Survival and Development

Today, Huawei released its 2022 annual report, which shows that Huawei’s overall operations are stable. It shows global sales revenue of 642.3 billion yuan and a net profit of 35.6 billion yuan. In 2022, the R&D investment reached 161.5 billion RMB, accounting for 25.1% of the annual revenue. The accumulated R&D expenditure in ten years will exceed 977.3 billion RMB.

“Looking back on 2022, the severe external environment and non-market factors continue to affect the company’s operations. In the midst of the storm, we continue to run and strive to ensure business continuity and ensure support and services for customers. We also worked hard to harvest more food so that I could not only survive but also lay a foundation for future development.” said Rotating chairman Xu Zhijun said

Chief Financial Officer Meng Wanzhou said: “In 2022, operations still face greater pressure. Overall, operating performance is in line with expectations. At the end of 2022, Huawei’s asset-liability ratio was 58.9%, and its net cash balance was 176.3 billion yuan, nearly one trillion yuan. In the scale of total assets, high-liquidity assets such as cash, short-term investment, and operating assets constitute the main part of the assets. The financial situation continues to be stable and has strong resilience and flexibility. In 2022, the total R&D expenses accounted 161.5 billion yuan, and R&D The expense ratio is 25.1%, which is at a historically high level. Facing the future, we are under pressure and more confident!”

In 2022, Huawei achieved sales revenue of 284 billion yuan in the operator business field. 133.2 billion yuan in sales revenue from Huawei’s enterprise business and 214.5 billion yuan in sales revenue from the smart devices business.

Xu Zhijun emphasized: “2023 is a critical year for Huawei’s survival and development. Today’s Huawei is like a plum blossom. Opportunities, industrial portfolio resilience, differentiated advantages, the trust of customers and partners, and the courage to invest aggressively. Therefore, we are confident to overcome difficulties and achieve sustainable survival and development.”