Huawei's latest financial report: R&D investment in the first three quarters reached 115 billion, accounting for over 1/4 of revenue
On November 1st, KuaiTech reported that Huawei recently released its latest financial report.In the first three quarters of 2023, Huawei achieved a revenue of 452
On November 1st, KuaiTech reported that Huawei recently released its latest financial report.
In the first three quarters of 2023, Huawei achieved a revenue of 452.26 billion yuan, an increase of 11.12 billion yuan year-on-year; The net profit was 72.9 billion yuan, an increase of 48.974 billion yuan year-on-year.
Huawei continues to increase its R&D investment. According to Huawei's third quarter report, its R&D expenses for the first three quarters of 2023 were 114.991 billion yuan, an increase of 4.41 billion yuan year-on-year, accounting for 25.4% of its revenue in the first three quarters.
According to Huawei's previous annual report, research and development investment reached 161.5 billion yuan in 2022, accounting for 25.1% of the annual revenue. The cumulative research and development expenses invested in the past 10 years exceeded 977.3 billion yuan.
Recently, Hu Houkun, the rotating chairman of Huawei, said, "The company's business results meet expectations. Looking towards the future, we will continue to increase research and development investment, leverage the company's industrial portfolio advantages, continuously improve product and service competitiveness, and create greater value for customers, partners, and society
Tag: Huawei latest financial report investment in the first three
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