Huawei mobile phone shipments surged 48% in the third quarter! From January to September, research and development expenses exceeded 110 billion yuan

Huawei is still continuing to increase its research and development. The latest financial report shows that in the first three quarters, Huawei’s research and development expenses reached 110.581 billion yuan, an increase of 8.241 billion yuan year-on-year.

The Huawei Mate 50 series is a hit with consumers. On October 28, institutional data showed that in the third quarter, Huawei’s mobile phone sales rebounded, with shipments of 8.6 million units, a year-on-year increase of 48.3% and a month-on-month increase of 34.4%.

R&D expenses in the first three quarters reached 110.5 billion yuan

On October 29, a reporter from China Securities Journal learned on the official website of the Shanghai Clearing House that Huawei disclosed its third quarterly report for 2022 on October 28. In the first three quarters, Huawei achieved revenue of 441.141 billion yuan; net profit was 23.927 billion yuan.

On October 27, when releasing the operating results, Xu Zhijun, Huawei’s rotating chairman, said: “The overall operating results were in line with expectations, the downward trend of the terminal business continued to slow down, and the ICT infrastructure business maintained steady growth.”

Xu Zhijun also said that Huawei will continue to attract outstanding talents, continue to invest in research and development, and continuously improve product competitiveness to create value for customers and society.

As soon as the words fell, Huawei’s financial report showed that the company is still investing in research and development. In the first three quarters, Huawei’s research and development expenses reached 110.581 billion yuan, an increase of 8.241 billion yuan compared with 102.340 billion yuan in the same period last year.

In the past 10 years, Huawei has invested 845 billion yuan in research and development, and annually invests more than 20 billion yuan in basic research. Facing future development and challenges, Huawei has set up 86 basic technology laboratories, and has established 172 joint laboratories and joint innovation laboratories with universities around the world to jointly conduct research on basic technologies and focus on innovative breakthroughs on major problems. , to solve various problems of survival.

Mobile phone sales pick up

In September, Huawei released the Mate 50 series mobile phones, which were popular among consumers. Due to the improved supply situation, Huawei’s mobile phone shipments were boosted.

On September 21, the Huawei Mate 50 series went on sale for the first time. According to industry chain sources, Huawei’s first batch of Mate 50 series has a total of about 4 million units in stock. At present, these stocks have been “divided up” by self-operated stores and online malls, operators, major e-commerce platforms, and corporate customers.

Huawei executive director and terminal business CEO Yu Chengdong said in the AITO M7 automotive business marketing program that the big sales of the Mate 50 series made him very happy and less stressful. In the absence of 5G, it is very difficult to make the product well and be recognized by consumers.

According to data from market research firm Omdia, in the third quarter, Huawei shipped 8.6 million mobile phones, a year-on-year increase of 48.3% and a month-on-month increase of 34.4%, ranking tenth in the world in terms of shipments.

Source: Omdia official micro

According to research institute IDC, thanks to the early release of Apple’s iPhone 14 series this year and the return of Huawei’s new Mate 50 series, the domestic smartphone market achieved a quarter-on-quarter growth of 6.0% in the third quarter.

According to media reports, Huawei recently announced new personnel appointments. Li Peng, former president of Huawei’s Western Europe region, will serve as the company’s operator business president; Huawei’s executive director and director of the ICT Infrastructure Business Management Committee, Wang Tao, will also serve as the enterprise business president.

Editor: Wang Yin