On March 28, Huawei released its 2021 annual report. The report shows that Huawei's overall operation is stable, with global sales revenue of 636.8 billion yuan and net profit of 113.7 billion yuan, a year-on-year increase of 75.9%. Looking into the future, Huawei will continue to increase R&D investment. In 2021, R&D investment will reach 142.7 billion yuan, accounting for 22.4% of the annual revenue. The accumulated R&D expenditure in ten years exceeds 845 billion yuan.
Meng Wanzhou, Huawei's chief financial officer, said: "Our scale has become smaller, but our profitability and cash flow acquisition capabilities have increased, and the company's ability to deal with uncertainty has continued to improve." Profitability has improved. In 2021, Huawei's operating cash flow will increase significantly, reaching 59.7 billion yuan; the asset-liability ratio will be reduced to 57.8%, and the resilience and flexibility of the overall financial structure will be strengthened.