Huawei released its 2022 annual report, which shows that Huawei’s overall business is stable, achieving global sales revenue of RMB 642.3 billion up 0.9% year-on-year, and a net profit of RMB 35.6 billion down 68.7% year-on-year. Looking to the future, Huawei continues to increase its R&D investment, reaching RMB 161.5 billion in 2022, accounting for 25.1% of annual revenue, and spending more than RMB 977.3 billion on R&D over ten years.
At Huawei’s 2022 annual report conference, Xu Zhijun, Huawei’s rotating chairman, and Meng Wanzhou, Huawei’s CFO, attended the conference.
Xu Zhijun said that Huawei will deploy 5.5G globally around 2025, allowing consumers to significantly improve their experience in various scenarios while promoting digitalization in all industries. No one knows what 6G is, it’s just a concept and a goal for the industry. Huawei is working with the industry to define what 6G is and to research technologies that could be used. it is not clear when 6G will arrive, which should be after 2030. If consumers and industry do not have a major upgrade to the mobile network, perhaps 6G will not be needed, and perhaps it is normal to live in the 5.5G era. But Huawei still wants 6G to come, otherwise, there will be no growth, users will not buy cell phones. Now the phone has dropped significantly, we still hope that 6G to come, but can come, when to come, but also waiting for the answer.
The U.S. Department of Commerce only licensed the 4G chip, and Huawei can only manufacture 4G phones. To buy a Huawei 5G phone, you have to wait for permission from the U.S. Department of Commerce.
Huawei’s 2022 report that in 2022, Huawei achieved sales revenue of 284 billion RMB in the carrier business, 133.2 billion RMB in Huawei’s enterprise business, and 214.5 billion RMB in the terminal business. The ICT infrastructure business maintained stable growth, the downward trend of the terminal business slowed, the digital energy and Huawei cloud businesses grew rapidly, and the competitiveness of smart car components and user experience improved significantly. Huawei’s cloud computing business continued to grow at a rapid pace, achieving sales revenue of RMB45.3 billion. Revenue from the telecom business grew 0.9% to RMB 284 billion. Revenue from the smart car solution components business was RMB 2.1 billion. it
