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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Xu Zhijun, Huawei’s rotating chairman, said: “Looking back on 2022, the severe external environment and non-market factors will 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 customer support and services; We also work hard to harvest more food so that we can not only survive but also lay the foundation for future development.”

Meng Wanzhou, Huawei’s chief financial officer, said, “After the snow, the plum blossoms are pressing down, and the spring is coming and the sun is shining. In 2022, operations will still face greater pressure. Overall, operating performance is in line with expectations. At the end of 2022, Huawei’s assets and liabilities ratio is 58.9%, and the net cash balance is 176.3 billion RMB. Among the total assets of nearly one trillion RMB, 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 will be RMB 161.5 billion, and the R&D expense ratio will be 25.1%, which is at a historically high level. Facing the future, we are under pressure and more confident!”

In 2022, Huawei will achieve sales revenue of 284 billion RMB in the operator business field, 133.2 billion RMB in sales revenue from Huawei’s enterprise business, and 214.5 billion RMB in sales revenue from the terminal business. The ICT infrastructure business maintained steady growth, the downward trend of the terminal business slowed down, 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 rapidly, achieving sales revenue of 45.3 billion RMB. Telecom revenue rose 0.9% to 284 billion RMB. Smart car solution components business revenue was 2.1 billion RMB.

Huawei continues to open up platform capabilities such as Hongmeng, Kunpeng, Ascend, and cloud services, optimizes the developer experience, supports ecological partners in all aspects, and cooperates with more than 9 million developers and more than 40,000 ecological partners.

Xu Zhijun, Huawei’s rotating chairman, emphasized: “2023 is a critical year for Huawei’s survival and development. Today’s Huawei is like plum blossoms. The plum blossoms are fragrant because they have experienced severe cold. The pressure we face is undoubtedly huge. But we also have growth 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.”

Xu Zhijun said, “In 2023 and the next few years, the key direction of our strategy is to create growth opportunities, enhance development resilience, build differentiated advantages, win with quality, and ensure high-quality business continuity and product competitiveness. Strengthen core, Software, hardware, terminal, network, and cloud collaboration to build differentiated advantages. Let each bit be collected, transmitted, processed, and presented in the most scientific way to achieve minimal architecture, extremely high quality, extremely low cost, and extremely optimized The goal of the experience. Huawei has a culture of pursuing high quality. After decades of hard work, Huawei has become synonymous with high quality in the ICT industry. Under the normalization of sanctions against Huawei, we will be more determined that Huawei is synonymous with high quality in the ICT industry. We insist on winning by quality. In 2023 and for a long time to come, sustainable survival and development will be the core proposition of Huawei’s corporate strategy.”

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