Huawei R&D expenses in the first three quarters exceeded 110 billion yuan

Recently, Huawei announced the third quarterly report for 2022. In the first three quarters, Huawei achieved revenue of 441.141 billion yuan and a net profit of 23.927 billion yuan.

According to the latest report, The Chinese tech giant, Huawei’s research and development expenses in the first three quarters reached 110.581 billion yuan, an increase of 8.241 billion yuan over the 102.34 billion yuan in the same period last year.

The company is getting good growth as it invested 845 billion yuan in R&D in the past 10 years.

Huawei’s rotating chairman, said: “The overall operating results are in line with expectations. The downward trend of the terminal business continues to slow down, and the ICT infrastructure business maintains stable growth. Huawei will continue to attract outstanding talents, continue to invest in research and development, and continuously improve product competitiveness. customers and create value for society.”

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Huawei R&D expenses report first three quarter 2022 Huawei R&D expenses report


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