Huawei shows no sign of research and development investment slowdown. R&D investments HarmonyOS Huawei
The report shows Huawei invests over 10% of its sales revenue in R&D annually.
"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." The company reported overall revenue of CNY642.3 billion in 2022, with a net profit of CNY 35.6 billion .
“2023 will be crucial to Huawei's sustainable survival and development,” Xu noted. “Plum blossoms tend to grow sweeter from a harsh winter's freeze. Today, Huawei is like a plum blossom. “We have made rapid progress in the government, telecommunications, finance, manufacturing and mining industries. In Northern Africa, Huawei Cloud has set up local service teams in more than 10 countries and has become a preferred partner for government and enterprise customers undergoing digital transformation.”
The company says over the past four years, HarmonyOS has evolved to deliver new functions and a “user-friendly” experience.
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