Just recently, Huawei launched its 2021 Annual Report Conference in China attended by Guo Ping – Huawei’s Rotating Chairman and Meng Wanzhou – Huawei’s Chief Financial Officer. At the event, Huawei’s CFO released the 2021 annual financial report which shows overall revenue, net profit and annual growth rate.
According to the report, Huawei’s overall operation is stable with global revenue of 636.8 billion yuan, net profit of 113.7 billion yuan, an increase of 75.9% year on year. the other (YoY). Going forward, Huawei will continue to increase investment in R&D.
In 2021, R&D investment will reach 142.7 billion yuan, or 22.4% of annual sales. R&D expenditure accumulated in ten years exceeds 845 billion yuan. During the event, Guo Ping pointed out that “the company’s overall business performance is in line with expectations. The operator’s business performance is stable, the company’s business is growing steadily, the terminal business is rapidly developing new industries, and green building is entering the fast lane.
In addition, Meng Wanzhou said, “Our scale has become smaller, but our profitability and cash flow acquisition capabilities have increased, and the company’s ability to cope with uncertainty has continued to grow. ‘to improve. Profitability has improved.
In 2021, Huawei’s operating cash flow will increase significantly, reaching 59.7 billion yuan; the asset-liability ratio will be reduced to 57.8% and the overall financial structure will be more resilient and resilient. It will realize a turnover of 281.5 billion RMB in the field of operators.
Huawei has helped global carriers deploy state-of-the-art 5G networks in 13 countries. Together with carriers and partners, Huawei has signed more than 3,000 commercial contracts for 5G applications in industry, and 5G is being widely commercialized in industries such as manufacturing, mining, steel, ports and medical care.
Under the wave of digital transformation, Huawei’s enterprise business has grown rapidly and achieved revenue of RMB 102.4 billion. More than 700 cities around the world and 267 Fortune 500 companies have chosen Huawei to drive their digital transformation, and the number of service and operation partners has grown to over 6,000.
Smart wearables, smart displays, TWS headsets and consumer cloud services all saw steady growth driven by wearables revenue, and smart displays business grew more than 30% year-on-year. the other. More than 220 million Huawei devices are equipped with HarmonyOS, making it the fastest growing mobile device operating system in the world.
Over the past year, Huawei has adhered to the concept of openness, collaboration and selflessness, and strived to create a thriving Euler, Shengsi and HarmonyOS ecosystem. More than 8 million developers have adopted Huawei’s open platform, open source software and rich development tools. Explore business scenarios and innovative business models.
Guo Ping stressed that “Huawei will step forward in the direction of digitalization, intelligence and low carbonization, relying on the three elements of talent, scientific research and the spirit of innovation, will continue to increase investment and strive to achieve the reconstruction of the technical base, basic theory, architecture and software, and build long-term competitiveness.”