Shenzhen, March 3 (ZXS) -- At Huawei's 31 annual report press conference held on March 31, Huawei executives responded to a series of hot issues that the outside world paid attention to, including the decline in profits.
In 2022, Huawei achieved global sales revenue of 6423.0 billion yuan, a year-on-year increase of 9.356%. Net profit was 68.7 billion yuan, down 178.70% year-on-year. Cash flow from operating activities was RMB2.1763 billion, down 26.9% year-on-year; Net cash was RMB<>.<> billion, down <>.<>% year-on-year.
Meng Wanzhou, Huawei's chief financial officer, explained that Huawei's profit decline, mainly due to the decline in overall operating profit, while R&D investment is increasing, which is the main reason for the decline in operating profit. She believes that Huawei's financial stability is on the one hand, Huawei's customers and partners still believe in Huawei and choose Huawei. On the other hand, Huawei's net cash balance at the end of last year was 1763.<> billion yuan, which can support most business plans.
For the mobile phone business, which the industry is concerned about, Xu Zhijun, Huawei's rotating chairman, said that the mobile phone business is the business most affected by sanctions. If you expect to buy Huawei's 5G mobile phone, you have to wait for the approval of the US Department of Commerce. For car manufacturing, Xu Zhijun said that not building cars is Huawei's long-term strategy. For 6G, Xu Zhijun said that 6G is now just a concept, if consumers and all walks of life do not have a big improvement in the demand for mobile communication networks, maybe 6G will not be needed.
For Huawei and partners to make breakthroughs in the 14nm and above chip design tool EDA, Xu Zhijun said that this means that in the future, China's leading chip design companies can use localized EDA tools to design chips. Huawei supports the activities related to self-help, self-reliance and self-improvement in China's semiconductor industry, and "believes that China's semiconductor industry will be reborn under sanctions and truly achieve self-reliance and self-improvement."
Huawei believes that 2023 is a key year for Huawei's survival and development. For its future development strategy, Huawei has five key strategic directions: actively enabling digitalization, intelligence, and greening in all walks of life, and creating growth opportunities. Optimize the industrial portfolio and enhance development resilience; Strengthen the collaboration of core, software, hardware, device, network, and cloud to build differentiated advantages; Huawei continues to become synonymous with high quality in the ICT industry. Pressurized R&D investment.
According to Huawei's rotating chairman system, Meng Wanzhou served as the rotating chairman from April 2023, 4 to September 1, 2023. Regarding the succession issue, Meng Wanzhou said that according to the company's Governance Charter, Huawei is the successor of the system and the system, and has never been an individual succession, but a collective leader. Huawei does not tie the company's fate to individuals, but "draws a blueprint to the end." Ms. Meng also said that her personal case came to an end as the judge approved the police's application to withdraw the case. (End)