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The Huawei logo seen during the first day of Mobile World Congress 2022 (MWC) at the Fira de Barcelona, Spain, March 2, 2022. /CFP
Chinese tech giant Huawei expects its revenue for 2022 to reach 636.9 billion yuan ($91.59 billion), almost unchanged from the previous year.
The performance was in line with expectations, Huawei's rotating chairman Eric Xu said in the company's annual New Year's message on Friday.
The 2022 revenue estimate is slightly above the 636.8 billion yuan made in 2021, when sales dropped 28.5 percent year on year due to U.S. sanctions.
Xu did not disclose Huawei's profitability, which is usually revealed in full-year results in the following year's first quarter.
Over the past year, Huawei's ICT infrastructure business maintained steady growth, while the decline in its device business abated. It achieved rapid growth in its digital power and Huawei Cloud businesses, and improved the competitiveness and user experience of its intelligent automotive components, Xu said.
"In 2022, we successfully pulled ourselves out of crisis mode. The U.S. restrictions are now our new normal, and we're back to business as usual," Xu said.
In 2021, Huawei brought in revenue of 636.8 billion yuan, a sharp decline from 891.4 billion yuan in 2020. Its R&D investment reached 142.7 billion yuan in 2021, accounting for 22.4 percent of its annual revenue.
Xu said that digitalization and decarbonization are the way forward, and this is where future opportunities lie.
Next year, the Shenzhen-headquartered company will continue to strengthen its R&D investment and make its products and solutions more competitive through innovation, reshaping architecture, and systems engineering design.
(With input from Xinhua)
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466