On the afternoon of March 28, Huawei released its 2021 annual report. According to the annual report data, Huawei’s overall operation is stable, with global sales revenue of 636.8 billion yuan, a year-on-year decrease of 28.6%, and a net profit of 113.7 billion yuan, a year-on-year increase of 75.9%.
In terms of R&D, Huawei continues to increase R&D investment. In 2021, R&D investment will reach 142.7 billion yuan, accounting for 22.4% of the annual revenue, a record high. The accumulated R&D expenditure in ten years exceeds 845 billion yuan.
In the operator business field, Huawei achieved sales revenue of 281.5 billion yuan. Together with operators and partners, it has signed more than 3,000 commercial contracts for 5G industry applications, realizing large-scale commercial use of 5G in manufacturing, mining, steel, port, medical and other industries.
In terms of corporate business, sales revenue was 102.4 billion yuan. For key industries such as government, transportation, finance, energy, and manufacturing, Huawei has released 11 scenario-based solutions, and established coal mines, smart highways, customs, and ports to integrate resources to efficiently serve customers. More than 700 cities around the world and 267 Fortune 500 companies have chosen Huawei to carry out digital transformation, and the number of service and operation partners has grown to more than 6,000.
In terms of terminal business, the sales revenue was 243.4 billion yuan. Smart wearables, smart screens, TWS headsets and consumer cloud services have all achieved sustained growth, with revenue from wearable devices and smart screen businesses increasing by more than 30% year-on-year. More than 220 million Huawei devices are equipped with HarmonyOS, making it the fastest-growing mobile terminal operating system in the world.
In 2021, in the face of the changing external environment, Huawei will continue to move forward under pressure and seek to survive in a better quality. Faced with multi-dimensional challenges such as the supply chain, Huawei has attacked in many ways to break through. Thanks to the improved profitability of its main business, Huawei’s operating cash flow will increase significantly in 2021, reaching 59.7 billion yuan; the asset-liability ratio will be reduced to 57.8%, and the overall financial structure will be more resilient and more resilient.
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Responsible editor: Wei Xiaodan