Chinese technology giant Huawei says it has emerged from “crisis mode” after years of US restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier. Know more:
Huawei’s unaudited revenue for 2022 is forecast to be 636.9 billion yuan — nearly unchanged compared to a year earlier and in line with earlier estimates.
Xu said in the message that the firm’s telecommunications network business maintained “steady growth” and that a decline in its devices sector — mainly phones — had abated.Huawei did not release more detailed financial figures for its businesses or the firm’s overall profit. For the coming year, Xu pledged to maintain Huawei’s heavy investment in research and development and said that its cloud business needs to become the “foundation” in driving growth.
He mentioned the pandemic only in passing, praising the company’s “frontline staff outside of China — those who have held the fort to serve our customers despite the adverse impacts of COVID-19 …” Xu’s message did not mention the recent abrupt end to stringent virus controls or major outbreaks of coronavirus now sweeping China and other countries.
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