On March 29th, Huawei released its 2023 annual report. The report shows that Huawei's overall business performance meets expectations, achieving global sales revenue of RMB 704.2 billion and net profit of RMB 87 billion. The intelligent car solution business achieved a sales revenue of 4.7 billion yuan, a year-on-year increase of 128.1%.




ICT infrastructure business remains stable, terminal business performance meets expectations, cloud computing and digital energy business has achieved good growth, and intelligent vehicle solutions business has begun to enter the stage of scale delivery. In 2023, R&D investment reached RMB 164.7 billion, accounting for 23.4% of the annual revenue.



In 2023, Huawei's ICT infrastructure business achieved sales revenue of RMB 362 billion, a year-on-year increase of 2.3%; The terminal business achieved sales revenue of RMB 251.5 billion, a year-on-year increase of 17.3%; The cloud computing business achieved a sales revenue of RMB 55.3 billion, a year-on-year increase of 21.9%; The digital energy business achieved a sales revenue of 52.6 billion yuan, a year-on-year increase of 3.5%; The intelligent car solution business achieved a sales revenue of 4.7 billion yuan, a year-on-year increase of 128.1%.

Hu Houkun, the rotating chairman, said, "The overall business situation of the group in 2023 meets expectations. In the past few years, Huawei has gone through numerous tests and continued to grow in the face of challenges. It is the trust and support of customers, partners, and various sectors of society that have helped Huawei survive and develop."

Hu Houkun emphasized, "In 2024, a new journey has begun. We will adhere to open innovation, prosper the ecosystem, win with quality, and create greater value for customers and society! Thank you to every colleague. On the way forward, we will create extraordinary things together and work together to build an intelligent world of interconnected things!"