Huawei released the 2022 annual report:
Huawei released its 2022 annual report. The company reported stable operations throughout 2022, with revenue of 642.3 billion yuan and a net profit of 35.6 billion yuan. Huawei continues to increase R&D investment. In 2022, the annual R&D expenditure will be 161.5 billion yuan, accounting for 25.1% of the company’s annual revenue. The total R&D expenditure in the past 10 years has exceeded 977.3 billion yuan.
Xu Zhijun, Huawei’s rotating chairman, said at the company’s annual report conference: “In 2022, the challenging external environment and non-market factors will continue to affect Huawei’s operations.” “Amid this storm, we continue to stay ahead and do our best to maintain business continuity.” performance and to serve our customers. We also do our best to grow a harvest – generating a steady stream of income to keep us afloat and lay the groundwork for future growth.”
Also in attendance was Meng Wanzhou, Huawei’s chief financial officer. She pointed out, “Despite the huge pressure in 2022, our overall business performance is in line with expectations. At the end of 2022, our debt ratio was 58.9%, and our cash balance was 176.3 billion yuan. In addition, our total asset balance reached 1 trillion yuan , mainly composed of current assets such as cash, short-term investments and operating assets. Our financial position remains solid, with strong resilience and flexibility. In 2022, our total R&D expenditure will be RMB 161.5 billion, accounting for 10% of total revenue 25.1%, the highest in Huawei’s history. When faced with pressure, we will continue to move forward with confidence.”
In 2022, Huawei’s operator, enterprise, and consumer business revenues will be 284 billion yuan, 133.2 billion yuan, and 214.5 billion yuan, respectively.
Huawei firmly supports mutual growth with ecological partners, and firmly believes that open collaboration can share success. Hongmeng, Kunpeng, Ascend, and cloud product portfolios continue to open up platform capabilities, focus on improving developer experience, and empower ecological partners in all aspects. Huawei currently cooperates with more than 9 million developers and more than 40,000 ecosystem partners to promote ecosystem-based innovation and create greater value for customers.
“2023 is crucial for Huawei’s sustainable survival and development,” Xu said. “Plum blossoms tend to grow sweeter from the cold of winter. Today, Huawei is like a plum blossom. Admittedly, we are under considerable pressure, but we have everything we need to come out of the other end – with growth opportunities, Flexible business portfolio, unique competitive advantages, enduring trust from customers and partners, and the courage to invest heavily in research and development. We are confident in overcoming any challenges and laying a solid foundation for sustainable survival and development.”
All financial statements in the 2022 annual report have been independently audited by KPMG, an international big four accounting firm. To download the 2022 annual report, please visit https://www.huawei.com/cn/annual-report/2022
