Huawei launched its 2022 Annual Report at present. The corporate studies regular operations all through 2022, having generated USD92.37 billion in income and USD5.12 billion in web earnings. Huawei continues to strengthen funding in R&D, with an annual expenditure of USD23.22 billion in 2022, representing 25.1% of the corporate’s annual income and bringing its whole R&D expenditure over the previous 10 years to greater than USD 140.55 billion.
“In 2022, a difficult exterior setting and non-market elements continued to take a toll on Huawei’s operations”, mentioned Eric Xu, Huawei’s Rotating Chairman, on the firm’s annual report press convention. “Within the midst of this storm, we saved racing forward, doing every little thing in our energy to keep up enterprise continuity and serve our prospects. We additionally went to nice lengths to develop the harvest – producing a gradual stream of income to maintain our survival and lay the groundwork for future improvement.”
Additionally current on the occasion was Sabrina Meng, Huawei’s CFO. She famous, “Regardless of substantial strain in 2022, our general enterprise outcomes have been in keeping with forecast. On the finish of 2022, our legal responsibility ratio was 58.9% and our web money steadiness was USD25.35 billion. As well as, our steadiness of whole belongings reached 0.14 trillion USD, largely composed of present belongings akin to money, short-term investments, and working belongings. Our monetary place stays strong, with sturdy resilience and adaptability. In 2022, our whole R&D spend was USD23.22 billion, representing 25.1% of our whole income – among the many highest in Huawei’s historical past. In instances of strain, we press on – with confidence.”
In 2022, income from Huawei’s service, enterprise, and shopper companies was USD40.84 billion, USD19.15 billion, and USD30.84 billion, respectively.
Huawei is a powerful proponent of rising along with its ecosystem companions, and believes that openness and collaboration result in shared success. The corporate has continued to open up its platform capabilities throughout its HarmonyOS, Kunpeng, Ascend, and cloud portfolio, specializing in bettering developer expertise in addition to enabling and supporting its ecosystem companions on all fronts. Huawei at present works with greater than 9 million builders and over 40,000 ecosystem companions to gas ecosystem-based innovation and create larger worth for its prospects.
“2023 will probably be essential to Huawei’s sustainable survival and improvement,” Xu famous. “Plum blossoms are likely to develop sweeter from a harsh winter’s freeze. Right now, Huawei is sort of a plum blossom. Whereas it’s true that we have now appreciable strain forward of us, we have now what it takes to come back out the opposite finish – with alternatives to develop, a resilient enterprise portfolio, a novel aggressive edge, the enduring belief of our prospects and companions, and the braveness to take a position closely in R&D. We’re assured in our skill to rise above any problem that comes our means, laying a strong basis for sustainable survival and improvement.”
All monetary statements within the 2022 Annual Report have been independently audited by KPMG, a world Large 4 accounting agency. To obtain the 2022 Annual Report, please go to https://www.huawei.com/en/annual-report/2022
Be aware: The 2022 closing change fee is US$1.00 = CNY6.9533
