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Huawei released its 2023 annual report today. The report shows that Huawei’s overall operating conditions are in line with expectations, achieving global sales revenue of 704.2 billion RMB and net profit of 87 billion RMB. The ICT infrastructure business remained stable, the terminal business performed in line with expectations, the cloud computing and digital energy businesses achieved good growth, and the smart car solutions business began to enter the large-scale delivery stage. The smart car solutions business achieved sales revenue of 4.7 billion RMB, a year-on-year increase of 128.1%.

Huawei attaches great importance to research and innovation. In 2023, its R&D investment will reach 164.7 billion RMB, accounting for 23.4% of its annual revenue. The cumulative investment in R&D expenses in the past ten years has exceeded 1.110 billion RMB.

Rotating Chairman Hu Houkun said: “The overall operating performance of the group in 2023 is in line with expectations. In the past few years, Huawei has experienced many tests and has continued to grow amidst challenges. It is the trust and support of customers, partners and all sectors of society that has helped Huawei survive and development.”

In 2023, Huawei’s ICT infrastructure business achieved sales revenue of 362 billion RMB, a year-on-year increase of 2.3%; the terminal business achieved sales revenue of 251.5 billion RMB, a year-on-year increase of 17.3%; the cloud computing business achieved sales revenue of 55.3 billion RMB, a year-on-year increase of 21.9 %; the digital energy business achieved sales revenue of 52.6 billion RMB, a year-on-year increase of 3.5%; the smart car solutions business achieved sales revenue of 4.7 billion RMB, a year-on-year increase of 128.1%.

Facing the future, Huawei will continue to invest in open innovation and promote technological progress and industrial upgrading. Adhere to the management policy of “winning by quality” and build quality into core competitiveness. Facing 9.5 million developers and 46,000 ecological partners, it adheres to the concept of “openness and altruism”, focuses on building core ICT technologies and complex software and hardware platform capabilities, accelerates the opening of platform capabilities, and achieves mutual benefit and win-win with ecological partners.

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James Lopez
James Lopezhttps://www.techgoing.com
James Lopez joined Techgoing as Senior News Editor in 2022. He's been a tech blogger since before the word was invented, and will never log off.

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