Chinese tech giant Huawei expects 2022 revenue at 636.9 bln yuan

2022-12-30 21:09:23Xinhua Editor : Liu Yimeng ECNS App Download

Chinese tech giant Huawei expects its revenue for 2022 to reach 636.9 billion yuan (about 91.59 billion U.S. dollars), according to the company's rotating chairman Eric Xu.

The performance was in line with the forecast, Xu said in the company's annual New Year's message Friday.

Over the past year, Huawei's ICT infrastructure business maintained steady growth, and the decline in device business has abated. It achieved rapid growth in digital power and Huawei Cloud, and took the competitiveness and user experience of intelligent automotive components to new heights, Xu said.

"In 2022, we successfully pulled ourselves out of crisis mode. The U.S. restrictions are now our new normal, and we're back to business as usual," Xu said.

In 2021, Huawei brought in revenue of 636.8 billion yuan, a plunge from 891.4 billion yuan in 2020. Its R&D investment reached 142.7 billion yuan in 2021, accounting for 22.4 percent of its annual revenue.

Xu said that digitalization and decarbonization are the way forward, and this is where future opportunities lie. Next year, the Shenzhen-headquartered company will continue to strengthen its R&D investment and make its products and solutions more competitive through innovation, reshaping architecture, and systems engineering design.


Most popular in 24h

MoreTop news


Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2022 All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]