Recently, Liang Hua, chairman of the board of directors of Huawei, said in an interview that Huawei's operation has basically returned to normal, and it is expected that its sales revenue will exceed 700 billion yuan in 2023, reaching the level of 2019. Liang Hua also revealed that Huawei will continue to increase R&D investment, promote independent innovation, and enhance core competitiveness.
Huawei is China's largest manufacturer of communications equipment and smartphones, and the world's leading provider of 5G technology. However, due to a series of sanctions and suppression imposed by the United States on Huawei, Huawei's operation has been seriously affected, especially in chips, software, and chains. In 2020, Huawei's sales revenue was 891.1 billion yuan, a year-on-year increase of 38%, the growth rate has dropped sharply, and the profit margin has also increased from 96% to 62%。
In the face of difficulties, Huawei did not give up, but actively responded to the crisis, and took a series of measures, including adjusting the business structure, optimizing management processes, improving operational efficiency, reducing costs, and increasing revenues, in an effort to seek opportunities and achieve transformation and breakthroughs in the crisis. Liang Hua said that after more than a year of hard work, Huawei's operations have basically returned to normal, and all business segments have achieved stable development, especially in the fields of cloud computing, artificial intelligence, smart city, and smart transportation. Liang Hua also said that Huawei will continue to increase R&D investment, promote independent innovation, enhance core competitiveness, and continue to explore new markets and fields, provide customers with better products and services, and contribute more value to society.
Liang Hua is full of confidence in Huawei's future, and he expects Huawei's sales revenue in 2023 to exceed 700 billion yuan, reaching the level of 2019, and achieving a full recovery of operations. He also said that Huawei will adhere to the concept of openness and cooperation, work with all parties to promote the development of global digitalization and intelligence, and contribute to building a community with a shared future for mankind.