Huawei board chairman Eric Xu said the company succeeded in overcoming the challenges it faced during 2022, indicating that the US restrictions imposed over the past years have become a reality that Huawei has successfully adapted to.
He predicted, in his New Year speech, that Huawei would achieve an annual revenue of 636.9 billion yuan ($92bn), which is in line with forecasts. By comparison, Huawei’s revenue in 2021 was 636.8bn yuan.
The speech mentioned the performance of Huawei’s various businesses in 2022. Among them, its ICT infrastructure business maintained steady growth, and the decline in the company’s device business has abated. On the upshot, the company achieved rapid growth in its digital power and cloud business, and took the competitiveness and user experience of its intelligent automotive components to new heights.
“In 2022, we successfully pulled ourselves out of crisis mode. US restrictions are now our new normal, and we’re back to business as usual and 2023 will be the first year that we return to business as usual with external restrictions still in place.
“It will be a crucial year for us. Forge ahead and rise above the challenges that come our way. Let’s put in the work to carve out our long-term, sustainable survival,” said Xu.
Huawei has gained a lot in 2022. While the overall situation of 5G chips is still unclear, Huawei is focusing on developing the HarmonyOS. Official data shows that the HarmonyOS has been installed on over 320 million devices this year, an increase of 113 per cent compared with the same period last year. Huawei’s high-end mobile phone Mate 50 series has returned, and is equipped with Beidou satellite connectivity. In addition, Huawei has launched a new foldable phone named Pocket S.