Recently, Huawei released its 2022 annual report. According to the report, Huawei's overall operation was stable during the year, achieving global sales revenue of 642.3 billion yuan and net profit of 35.6 billion yuan. Despite the severe external environment and unconventional challenges, Huawei still insists on high R&D investment, which is one of the important reasons why it maintains its leading position in the industry. The cumulative investment in research and development expenses in ten years has exceeded 977.3 billion yuan, which has also attracted the attention of the industry.
In addition, there is also a recent news that has made Huawei the focus of media attention. According to Bloomberg, in March this year, the proportion of the renminbi used in China's cross-border transactions exceeded that of the dollar for the first time. The news was interpreted as another milestone in China's efforts to reduce its dependence on the dollar. At the same time, it also shows that the status of RMB in the international financial market has gradually improved.
Behind these two news, it reflects the expanding influence of Huawei as a leading Chinese technology company. Although Huawei has faced external pressure and doubts in recent years, Huawei is still the world's leading ICT (information and communication) infrastructure and intelligent terminal provider, committed to bringing the digital world to everyone, every home, and every organization, and building a fully connected intelligent world.
Looking back on Huawei's achievements in the field of technology over the years, it is not only in terms of revenue and profit. More importantly, Huawei has demonstrated technological innovation and independent research and development capabilities in many fields. Whether it is 5G technology, AI, HiSilicon chips, Mate series mobile phones, Honor smart screens and other products, Huawei is unique in the market with its super technical strength and innovation capabilities.
It is based on these leading advantages that Huawei has been able to win more and more market share and user recognition in international competition. In the future, Huawei will continue to increase investment in R&D to promote the progress and development of science and technology. In addition, with the gradual popularization of RMB in cross-border transactions, Huawei will actively respond to and adapt to changes in the financial market, creating more opportunities and impetus for its own and China's economic development.
These two news are of great significance to both Huawei and China itself. For Huawei, it not only proves the importance of the company's long-term development strategy and technology accumulation, but also brings confidence and confidence to Huawei to further participate in global competition. For China, this news shows that China is transforming from a "manufacturing power" to a "innovation country", gaining more and more development opportunities and discourse power, and becoming one of the important leaders in global scientific and technological development.
In short, Huawei's high R&D investment and the wide use of RMB in cross-border transactions highlight China's potential and opportunities in the field of technological innovation and finance. With the rapid development of the digital economy and the continuous updating of technology, Huawei will continue to adhere to the strategic policy of independent research and development, technological innovation, and international cooperation, and contribute to building a fully connected, intelligent world.
Among the two news just released by Huawei, one is that Huawei will lay off thousands of employees worldwide to cope with the downward pressure on the economy, and the other is that the company announced that its ten-year R&D investment has reached 977.3 billion yuan. These two news have aroused widespread attention and heated discussions from the outside world.
Huawei is the world's leading provider of ICT (information and communications) infrastructure and smart terminals, and since 2002, Huawei has invested a large amount of R&D expenses in product development and technological innovation every year. The announcement of a cumulative R&D investment of 977.3 billion yuan over the past ten years once again demonstrates Huawei's commitment to technology research and innovation, and continuously promotes business development and technological progress.
Over the past decade, Huawei's R&D achievements have continued to emerge. For example, Huawei has made major breakthroughs in 5G, IoT, cloud computing and other fields, and launched a series of innovative products and technologies, becoming one of the world's leading technology innovators. In 2021, Huawei launched the Digital Empowerment Initiative, which aims to help more people participate in the digital and intelligent world through digital technology and technological innovation.
However, despite the huge investment in research and development, the pressure Huawei has faced in recent years cannot be ignored. Huawei's business in the U.S. has been restricted and added to the U.S. Entity List. At the same time, the global pandemic and economic downturn have also brought many challenges. Therefore, when the cumulative R&D expenditure reached 977.3 billion yuan in ten years, Huawei also announced that it will cut thousands of employees around the world to cope with the current economic downward pressure.
Although the layoffs will have a certain negative impact on the company, Huawei executives said that this decision is to better adapt to the market environment and adjust the business structure, further improve the company's efficiency and reduce costs. Huawei's move also shows that the company intends to continue to promote business development and technological innovation in the coming period to maintain its competitiveness with the times.
As the digitalization process accelerates in countries around the world, Huawei's future as a leading global ICT provider is still full of opportunities. Huawei's emphasis and investment in technology research and innovation has made the company a global leader in the field of science and technology. With the popularization of 5G technology and the rapid development of the Internet of Everything, the future will bring more opportunities and challenges. Huawei will continue to maintain its leading position in the digital field and make greater contributions to promoting global technology and digitalization.
In short, Huawei's ten-year R&D investment has reached 977.3 billion yuan, once again demonstrating to the world that it attaches importance and investment in technology research and innovation. At the same time, the company's decision to lay off thousands of employees worldwide also shows that Huawei wants to better adapt to the market environment and adjust its business structure. Huawei will continue to promote business development and technological innovation, and make greater contributions to promoting global technology and digitalization.