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wrote a column · Mar 29, 2024 19:31

Huawei Financial Report: Net profit of 87 billion yuan in 2023, cumulative R&D investment over 10 years exceeds 1.11 trillion yuan

Today, Huawei's official website released its 2023 annual report. The report shows that in 2023, Huawei's global sales revenue reached 704.2 billion yuan, and net profit was 87 billion yuan. Huawei's ICT infrastructure business remains steady, terminal business performance is in line with expectations, both cloud computing and digital energy businesses have achieved good growth, and the smart car solutions business has entered the large-scale delivery stage. Huawei attaches great importance to research and innovation. In 2023, R&D investment reached 164.7 billion yuan, accounting for 23.4% of annual revenue. Over the past ten years, Huawei has invested more than 1,110 billion yuan in R&D expenses.$Huawei Hongmong (LIST0795.SH)$
Today, Huawei's official website released its 2023 annual report. The report shows that in 2023, Huawei's global sales revenue reached 704.2 billion yuan, and net profit was 87 billion yuan. Huawei's ICT infrastructure business remains steady, terminal business performance is in line with expectations, both cloud computing and digital energy businesses have achieved good growth, and the smart car solutions business has entered the large-scale delivery stage. Huawei attaches great importance to research and innovation. In 2023, R&D investment reached 164.7 billion yuan, accounting for 23.4% of annual revenue. Over the past ten years, Huawei has invested more than 1,110 billion yuan in R&D expenses.$Huawei Hongmong (LIST0795.SH)$
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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