Huawei released its 2021 Annual Report on March 28, revealing that the company had maintained solid operations throughout the past year. As per the report, Huawei achieved CNY636.8 billion in revenue in 2021, and CNY113.7 billion in net profits, an increase of 75.9% year-on-year. The company’s R&D expenditure reached CNY142.7 billion in 2021, representing 22.4% of its total revenue, and bringing its total R&D expenditure over the past 10 years to over CNY845 billion. Moving forward, the company also plans to continuously increase investment in R&D.
Guo Ping, Huawei’s Rotating Chairman, speaking at the press conference
Guo Ping, Huawei’s Rotating Chairman, stated at the press conference, “Overall, our performance was in line with forecast. Our carrier business remained stable,…
