HUAWEI 2022 ANNUAL REPORT INDICATES STEADY OPERATIONS

KUALA LUMPUR, April 3 (Bernama) -- Huawei has released its 2022 Annual Report, reporting steady operations throughout 2022, having generated 642.3 billion Chinese Yuan in revenue and 35.6 billion Yuan in net profits. (100 Yuan = RM64.21)

Huawei continues to strengthen investment in R&D, with an annual expenditure of 161.5 billion Yuan in 2022, representing 25.1 per cent of the company's annual revenue and bringing its total R&D expenditure over the past 10 years to more than 977.3 billion Yuan.

"In 2022, a challenging external environment and non-market factors continued to take a toll on Huawei's operations", said Eric Xu, Huawei's Rotating Chairman, at the company's annual report press conference, according to a statement.

"In the midst of this storm, we kept racing ahead, doing everything in our power to maintain business continuity and serve our customers. We also went to great lengths to grow the harvest – generating a steady stream of revenue to sustain our survival and lay the groundwork for future development.

“2023 will be crucial to Huawei's sustainable survival and development. While it's true that we have considerable pressure ahead of us, we have what it takes to come out the other end – with opportunities to grow, a resilient business portfolio, a unique competitive edge, the enduring trust of our customers and partners, and the courage to invest heavily in R&D.”

In 2022, revenue from Huawei's carrier, enterprise, and consumer businesses was 284 billion Yuan, 133.2 billion Yuan, and 214.5 billion Yuan, respectively.

Huawei is a strong proponent of growing together with its ecosystem partners, and believes that openness and collaboration lead to shared success.

The company has continued to open up its platform capabilities across its HarmonyOS, Kunpeng, Ascend, and cloud portfolio, focusing on improving developer experience as well as enabling and supporting its ecosystem partners on all fronts.

-- BERNAMA