Chinese technology company Huawei in its 2023 Annual Report released in Shenzhen has stated that its performance was in line with forecast, having generated CNY704.2 billion in revenue and CNY87 billion in net profits. Throughout the past year, Huawei\u2019s ICT infrastructure business remained solid, and its consumer business met expectations. Both its cloud computing and digital power businesses grew steadily, and its intelligent automotive solution business began large-scale delivery.<\/p>\n
Huawei values research and innovation. In 2023, the company invested CNY164.7 billion back into R&D, which accounted for 23.4% of its annual revenue. Altogether, the company\u2019s R&D investment over the past decade amounts to CNY1.11 trillion. \u201cThe company\u2019s performance in 2023 was in line with forecast,\u201d said Ken Hu, Huawei\u2019s Rotating Chairman. \u201cWe\u2019ve been through a lot over the past few years. But through one challenge after another, we\u2019ve managed to grow. The trust and support of our customers, partners, and friends around the world is what helped us keep going, keep surviving, and keep growing.\u201d 2023 revenue by business: The ICT infrastructure business generated CNY362 billion, up 2.3% YoY. The consumer business recorded CNY251.5 billion, up 17.3% YoY. The cloud computing business brought in CNY55.3 billion, up 21.9% YoY. The digital power business earned CNY52.6 billion, up 3.5% YoY. The intelligent automotive solution business generated CNY4.7 billion, up 128.1% YoY. Moving forward, Huawei will keep investing in technology and open innovation to advance technology and help different industries modernize. Committed to succeeding through quality, the company will work hard to make quality one of its core competitive strengths. In its engagement with 9.5 million developers and 46,000 ecosystem partners around the world, Huawei strongly advocates for open collaboration and helping others succeed. With this approach, the company will continue to focus on developing core ICT technologies, as well as building up platform capabilities for complex hardware and sophisticated software systems, which are then opened up to partners to promote shared success. \u201cA new journey awaits us in 2024,\u201d Hu concluded. \u201cWe will create greater value for our customers and society by driving open innovation, building thriving ecosystems, and succeeding through quality. Here I\u2019d like to thank those who have joined us \u2013 annd will join us \u2013 along the way. Together, let\u2019s make something extraordinary. Let\u2019s build a fully connected, intelligent world.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Chinese technology company Huawei in its 2023 Annual Report released in Shenzhen has stated that its performance was in line with forecast, having generated CNY704.2 billion in revenue and CNY87 billion in net profits. Throughout the past year, Huawei\u2019s ICT infrastructure business remained solid, and its consumer business met expectations. Both its cloud computing and […]<\/p>\n","protected":false},"author":2,"featured_media":126485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-397328","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world"],"yoast_head":"\n