On March 29, Huawei released its 2023 annual report on its official website. According to the report, Huawei's global sales revenue was 704.2 billion yuan, and its net profit was 87 billion yuan, and the overall operating conditions were in line with expectations.
Specifically, Huawei's ICT infrastructure business performed well and continued to account for the majority of revenue, achieving sales revenue of 362 billion yuan, bringing more than half of the revenue. The performance of the terminal business represented by mobile phones, notebooks and other products is also very gratifying, with a year-on-year increase of 17.3%, and the sales revenue reached 251.5 billion yuan, which alone is almost the same as Xiaomi's total revenue (271 billion yuan).
The smart car solution business, which everyone cares about, achieved sales revenue of 4.7 billion yuan, although it is not much, but the year-on-year growth reached 128.1%. In addition, Huawei's cloud computing business achieved sales revenue of 55.3 billion yuan, a year-on-year increase of 21.9%, and the sales revenue of digital energy business reached 52.6 billion yuan, a year-on-year increase of 3.5%.
Huawei also announced that its R&D investment in 2023 will reach 164.7 billion yuan, accounting for 23.4% of the annual revenue, while Xiaomi's R&D investment in 2023 will be 19.1 billion yuan, which is still quite a big difference. However, Xiaomi is still young after all, and Xiaomi's R&D expenditure increased by 19.2% year-on-year last year, which is already a domestic enterprise that attaches more importance to R&D.
It is worth mentioning that Huawei's cumulative R&D expenditure in the past ten years has exceeded 1.11 trillion yuan, which is enough to show that Huawei attaches great importance to R&D. I think that's why Huawei has been able to maintain its vigorous growth despite unfair sanctions.
Finally, the Huawei P70 series has also had a lot of related revelations recently, which is expected to be released in April, and it is possible to join the pioneer program, that is, it will be directly put on the official website for sale, and Huawei fans can pay more attention to the relevant information!