Today, Huawei released its 2022 annual report, which shows that Huawei’s overall operations are stable. It shows global sales revenue of 642.3 billion yuan and a net profit of 35.6 billion yuan. In 2022, the R&D investment reached 161.5 billion RMB, accounting for 25.1% of the annual revenue. The accumulated R&D expenditure in ten years will exceed 977.3 billion RMB.

“Looking back on 2022, the severe external environment and non-market factors continue to affect the company’s operations. In the midst of the storm, we continue to run and strive to ensure business continuity and ensure support and services for customers. We also worked hard to harvest more food so that I could not only survive but also lay a foundation for future development.” said Rotating chairman Xu Zhijun said

Chief Financial Officer Meng Wanzhou said: “In 2022, operations still face greater pressure. Overall, operating performance is in line with expectations. At the end of 2022, Huawei’s asset-liability ratio was 58.9%, and its net cash balance was 176.3 billion yuan, nearly one trillion yuan. In the scale of total assets, high-liquidity assets such as cash, short-term investment, and operating assets constitute the main part of the assets. The financial situation continues to be stable and has strong resilience and flexibility. In 2022, the total R&D expenses accounted 161.5 billion yuan, and R&D The expense ratio is 25.1%, which is at a historically high level. Facing the future, we are under pressure and more confident!”

In 2022, Huawei achieved sales revenue of 284 billion yuan in the operator business field. 133.2 billion yuan in sales revenue from Huawei’s enterprise business and 214.5 billion yuan in sales revenue from the smart devices business.

Xu Zhijun emphasized: “2023 is a critical year for Huawei’s survival and development. Today’s Huawei is like a plum blossom. Opportunities, industrial portfolio resilience, differentiated advantages, the trust of customers and partners, and the courage to invest aggressively. Therefore, we are confident to overcome difficulties and achieve sustainable survival and development.”

Recent research shows that the network switches from Huawei once again won first place in the Chinese enterprise network switch market for the year 2022. Interstingly, Huawei won this title for the 7th year in a row, which is an amazing achievement for the Chinese tech maker.

The latest statics are coming from the market tracker IDC, which published a report with the title “China Network Switch Market Quarterly Tracking Report (2022Q4)”.

In terms of campus networks, Huawei released the CloudEngine S16700 series of switches with the highest performance in the industry. It is four times more powerful than other players in the same field.

Huawei also released the CloudEngine S8700 series, the highest-density switch in the industry. It establishes the super access capability of one machine for connecting 6,000 terminals, and one for two.

The innovative architecture and components increase the signal transmission efficiency by 30% while reducing the heat dissipation power consumption by 30%.

Based on the central switch, the remote modules are managed in a unified manner, so that customers do not need to manage and configure access devices.

It completes network expansion in one second, reducing 80% of management nodes and 77% of engineering wiring. Also reducing the cost of comprehensive network construction by more than 30%.

In terms of data center networks, Huawei CloudEngine data center switches are deployed and served in data centers of more than 100 countries and 21,000+ customers around the world through high-performance programmable devices, self-developed operating systems, and network convergence capabilities.

To be mentioned, the core data center switch CloudEngine 16800 series has reached the world’s top level with a total capacity of more than 300Tbps, ranking first in the world. By providing the best technology, Huawei is still maintaining a lead in the market of network switches.

Since the evolution of its smart car business, Huawei keeps on debunking rumors of making cars and recently, founder Ren Zhengfei once again reiterates that Huawei doesn’t build cars.

Rumors about Huawei building new cars continue to intensify and many people want to see this happen. Breaking these words of mouth, Huawei’s founder reiterated that Huawei does not build cars.

On March 31, Huawei once again issued a decision-making announcement on the automotive business. The announcement was signed by Huawei’s founder and chairman Ren Zhengfei. Additionally, Mr. Zhengfei also pushes forward the company through hard work and dedication to achieve goals.

“Emphasis that Huawei/HUAWEI cannot be used in vehicle publicity and appearance.” And it is emphasized that ” Huawei Wenjie ” and “HUAWEI AITO” cannot be used.” Permutations and combinations are all rejected.

In 2020, Huawei established a smart car business unit and placed it under the consumer business group. Thereafter, Yu Chengdong chose to lead the division along with consumer and cloud sections.

Since then, rumors of Huawei building new cars or overtaking partner cars continue to arrive. However, Yu Chengdong and other Huawei officials denied related reports.

By the end of 2021, Huawei and SERES jointly launched the AITO car brand. With the advancement of business on March 8 this year, in the slogan of social channels, the original “AITO asked the world” was changed.

Consequently, it became “Huawei asks the world”, this is considered to be a signal that Huawei further dominates the development of AITO cars.

With the latest statement, Ren Zhengfei cleared all doubts about Huawei’s position in the car business. Those fans who are looking forward to hanging the Huawei Logo on the front of the car may be disappointed for the time being.