Huawei News
Huawei releases 2022 Annual Report
Huawei released its 2022 Annual Report on March 31, 2023, revealing that the company had maintained solid operations throughout the past year. As per the report, Huawei achieved CNY642.3 billion in revenue in 2022 and CNY35.6 billion in net profits.
The company’s R&D expenditure reached CNY161.5 billion in 2022, representing 25.1% of its total revenue, and bringing its total R&D expenditure over the past 10 years to over CNY977.3 billion.
“In 2022, a challenging external environment and non-market factors continued to take a toll on Huawei’s operations”, said Eric Xu, Huawei’s Rotating Chairman, at the company’s annual report press conference. “In the midst of this storm, we kept racing ahead, doing everything in our power to maintain business continuity and serve our customers. We also went to great lengths to grow the harvest – generating a steady stream of revenue to sustain our survival and lay the groundwork for future development.”
Also present at the event was Sabrina Meng, Huawei’s CFO. She noted, “Despite substantial pressure in 2022, our overall business results were in line with forecast. At the end of 2022, our liability ratio was 58.9% and our net cash balance was CNY176.3 billion. In addition, our balance of total assets reached one trillion yuan, largely composed of current assets such as cash, short-term investments, and operating assets. Our financial position remains solid, with strong resilience and flexibility. In 2022, our total R&D spend was CNY161.5 billion, representing 25.1% of our total revenue – among the highest in Huawei’s history. In times of pressure, we press on – with confidence.”
In 2022, revenue from Huawei’s carrier, enterprise, and consumer businesses was CNY284 billion, CNY133.2 billion, and CNY214.5 billion, respectively.
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According to the official information, the Huawei released the delisting announcement of its Petal Mail App. The full text of the announcement is as follows: [translated]
Thank you for your continued attention and support to the Huawei Petal Mail App. In order to better adapt to the changing needs of product experience, service content and local markets, we have made strategic adjustments to the Huawei Petal Mail App.
The Petal Mail App will officially switch to the Email App on December 31, 2024, and the Petal Mail App will no longer be available for download from the App Store. The Petal Mail App you have installed can be used normally. We apologize for the inconvenience. You can continue to view, send or receive emails in the pre-installed Email App on your Huawei phone or use a computer browser to open the Petal Mail official website ( https://www.petalmail.com ), and your emails and personal data will not be lost.
Huawei released the Mate 70 series of mobile phones, with a starting price of 5,499 yuan. At present, the prices of spare parts for the new Mate 70 series have been announced on Huawei’s official website.
Huawei Mate 70 lineup repair spare parts prices announced
Battery and motherboard
Mate 70
Battery — 199
12GB+256GB — 2499
12GB+512GB — 2899
12GB+1TB — 3599
Mate 70 Pro
Battery — 199
12GB+256GB — 2899
12GB+512GB — 3299
12GB+1TB — 3999
Mate 70 Pro+
Battery — 299
16GB+512GB — 4399
16GB+1TB — 4899
Mate 70 RS
Battery — 299
16GB+512GB — 6499
16GB+1TB — 6999
Camera
Huawei officially announced the new FreeBuds Pro 4 headphones. This is the first TWS headset equipped with HarmonyOS NEXT and will be officially launched at the Huawei Mate Brand Festival on November 26.
As can be seen from the poster, the headset adopts an in-ear design with black and gold color matching, and the overall shape is similar to the previous generation. With the support of the new system, FreeBuds Pro 4 is expected to bring more functional upgrades.
For reference, Huawei FreeBuds Pro 3 was released in September last year with an initial price of 1,499 yuan . It is equipped with the Kirin A2 chip that uses Polar code, supports Star Flash connection core technology and Bluetooth technology, and the new L2HC 3.0 protocol.