Huawei will continue to fight and “will never give up” according to the new CEO

In the 2022 Annual Business Report, Huawei CFO and next rotating chairman Meng Wanzhou stated that Huawei will continue to operate in the toughest of difficulties, and the company will never give up.

Meng will take over Huawei as rotating chairman on April 1, as it will be his first term as Huawei’s top leader.

Meng said that “As long as Huawei continues to fight, every minute of our time and every effort will not be wasted, we will never give up.”

Huawei claims that its operation is now stable, and the company achieved global sales revenue of 642.3 billion yuan, while net profit was 35.6 billion yuan. Of this total, Huawei’s carrier business, enterprise business and device business had sales revenue of 284 billion yuan, 133.2 billion yuan and 214.5 billion yuan, respectively.

In 2022, R&D invested 161.5 billion yuan, accounting for 25.1% of the company’s entire revenue in 2022. On the other hand, the cumulative expenditure on R&D invested in ten years will exceed 977.3 billion yuan.

Xu Zhijun, current rotating president of Huawei, said that next year and the next are critical for Huawei.

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