In 2023, Huawei's R&D investment reached a new high, with an annual investment of 20.9 billion euros (about 162.1 billion yuan), ranking fifth among global enterprises and becoming the leader of Chinese enterprises in the field of R&D. Huawei's R&D investment not only significantly outperforms its domestic peers in absolute terms, but also has an outstanding performance in terms of growth rate and proportion.
Huawei's R&D investment has remained high, reaching RMB 161.5 billion in 2022, accounting for 25% of its annual revenue1%。This ratio is much higher than the average of its domestic peers, demonstrating Huawei's commitment to R&D and continuous investment. Huawei's R&D investment not only excels in the domestic market, but also has an important influence on the global market. According to the European Union's report on 2,500 major companies around the world, the total global R&D expenditure in 2022 was 12499 trillion euros (about 9.)7 trillion yuan), of which China accounts for 178%, surpassing Europe (17.).5%), second only to the United States (42.).1%) in second place. Among them, Huawei, which invested 20.9 billion euros in R&D in 2022, an increase of 11% from 2021, ranked first among Chinese companies.
Huawei's R&D investment is not only leading in quantity, but also in terms of quality. Huawei has made major breakthroughs in cutting-edge technologies such as 5G, artificial intelligence, and cloud computing, and is actively applying these technologies to products and services to bring better user experiences. Huawei's R&D investment has yielded fruitful results, and its products and services have been widely recognized and praised around the world. Huawei's success has also set an example for Chinese companies, encouraging more companies to increase R&D investment and improve their independent innovation capabilities.
Huawei's success is not accidental, but the result of its long-term commitment to innovation and R&D. Huawei's R&D investment is not only reflected in the amount and proportion of its R&D, but also in the quality and results of its R&D. Huawei has a high-quality R&D team, and the proportion of R&D personnel has remained at a high level. Huawei focuses on talent cultivation and recruitment, attracts and retains outstanding talents through various channels, and injects a steady stream of vitality and creativity into its R&D team.
Huawei's R&D investment is also reflected in its open and innovative attitude. Huawei actively cooperates with scientific research institutions, universities, and enterprises around the world to jointly promote technological innovation and industrial development. Through the establishment of joint laboratories and technical cooperation and exchanges, Huawei continues to expand its R&D fields and depths to enhance its overall competitiveness.
Huawei's R&D investment has played a driving role in the increase in R&D spending of Chinese enterprises. With the rapid development of China's economy, transformation and upgrading, more and more enterprises have begun to realize the importance of R&D and innovation, and increase R&D investment. As one of the representatives of Chinese enterprises, Huawei's successful experience and investment have played an exemplary and leading role for other enterprises. By learning from Huawei's R&D model and innovation concepts, other companies are continuously improving their R&D capabilities and standards, and jointly promoting the innovation and development of China's economy.
In general, Huawei's R&D investment is a banner in the field of R&D of Chinese enterprises. Through continuous investment and open innovation, Huawei has made major breakthroughs in cutting-edge technologies, and continues to apply them to products and services to bring better user experiences. Huawei's successful experience has set an example for Chinese enterprises and encouraged more enterprises to increase R&D investment and enhance their independent innovation capabilities. In the future, with the sustainable development, transformation and upgrading of China's economy, it is believed that more and more enterprises will join the ranks of R&D and innovation to jointly promote the innovation and development of China's economy.