On March 28, Huawei officially announced its Annual Report for 2021. Accordingly, the company achieved revenue of 99.88 billion USD in 2021, net profit reached 17.85 billion USD, up 75.9% compared with the same period last year.
Huawei spent $22.4 billion on research and development (R&D) in the past year, accounting for 22.4% of total revenue and contributing to the total R&D expenditure over the past 10 years to more than $132.66 billion. Looking to the future, Huawei said it will continue its strategy to further increase investment in R&D.
Mr. Guo Ping, Huawei’s Rotating Chairman spoke at the press conference.
Speaking at the press conference, Mr. Guo Ping, Huawei’s Rotating Chairman, said: “Overall, Huawei’s 2021 performance is in line with previous forecasts. The telecommunications infrastructure solutions business is maintained. stable, the enterprise solutions business grew, and the consumer devices business rapidly expanded into new areas. In addition, we embarked on a rapid ecosystem development” .
Meng Wanzhou, Huawei’s Chief Financial Officer, also added: “Despite a decline in revenue in 2021, our ability to generate profits and generate cash flow is increasing, as is our capacity. deal with a future of significantly increased uncertainty”.
Ms. Manh Van Chu, Chief Financial Officer of Huawei shared about Huawei’s financial capacity.
Thanks to improved profits in core businesses, Huawei’s operating cash flow increased strongly in 2021, reaching $9.37 billion. The ratio of liabilities decreased to 57.8%, the overall financial structure also became more flexible and sustainable.
In 2021, Huawei’s telecommunications infrastructure solutions business achieved $ 44.19 billion in revenue and supported carriers around the world to deploy leading 5G networks. An independent third-party report shows that the 5G network built by Huawei for customers in 13 countries offers the best user experience, especially Switzerland, Germany, Finland, the Netherlands, and South Korea. and Saudi Arabia.
By working with carriers and partners, Huawei has signed more than 3,000 commercial contracts for industrial 5G applications. These 5G applications are now widely commercialized on a large scale in areas such as manufacturing, mining, iron and steel factories, seaports and hospitals.
Thanks to the continued explosive growth of digital transformation, Huawei’s enterprise solutions business is also growing rapidly, generating $16.08 billion in revenue in 2021. Last year, the business launched 11 Solutions respond to scenarios for: Government, transportation, finance, energy and manufacturing.
The company also established many specialized personnel teams, including Coal Mining Team, Intelligent Traffic Team, Customs and Seaport Team in order to combine resources and meet customers’ needs more efficiently. More than 700 cities and 267 Fortune Global 500 companies have chosen Huawei as their digital transformation partner. Huawei also now works with more than 6,000 service and operations partners around the world.
Huawei’s consumer device business focuses on the needs and desires of consumers, and further is building a global ecosystem to create an era of smart and connected things – part of the Seamless strategy AI Life – Seamless life with AI for global consumers by Huawei.
This segment generated $38.21 billion in revenue in 2021 and recorded steady sales growth in the smart wearables, smart displays, and wireless audio headsets ( TWS) and Huawei Mobile Services (HMS). In particular, the smart wearable and smart display segments both grew by more than 30% over the same period last year.
In total, HarmonyOS has been used on 220 million Huawei devices as of 2021, making it the world’s fastest-growing mobile operating system.
Sharing about the future vision, Chairman Guo Ping emphasized: “In the near future, Huawei will continue to promote digitization, smart transformation and low carbon. With a talented staff, scientific research efforts. and a spirit of relentless innovation, we will increase our continued investment to reshape the right models with new theoretical foundations, architectures, and software, and strengthen our long-term competitive position by Huawei”.
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