Huawei’s 2024 Annual Report has dropped some major numbers and plenty of inspiration for tech enthusiasts! Despite global challenges, the company recorded a whopping 862.1 billion yuan in revenue and 62.6 billion yuan in net profit, while pouring 179.7 billion yuan into R&D – that’s over 20% of its annual revenue! 🚀
Over the past decade, Huawei’s total R&D investment reached 1.249 trillion yuan, fueling breakthrough growth in its connectivity business, computing sector powered by Artificial Intelligence, and a strong comeback in the device arena, thanks to the expanding HarmonyOS ecosystem. Intelligent automotive solutions also turned profitable in 2024.
With over 150,000 active granted patents, Huawei continues to build a solid innovation ecosystem. The company is committed to open collaboration, empowering developers with user-friendly tools across platforms like HarmonyOS, Kunpeng, Ascend, and cloud computing services. 🌐
Meng Wanzhou, the rotating chairperson and chief financial officer, shared that "in 2024, the entire team at Huawei banded together to tackle a wide range of external challenges," and added that Huawei devices are back in the fast lane.
Audited by KPMG, these results underline Huawei’s strong focus on quality and tech innovation, setting the stage for even more exciting developments in the world of technology!
Reference(s):
Huawei reports solid 2024 performance, driven by R&D investment
cgtn.com
