Not down but up! Huawei’s R&D expenses in the first three quarters exceeded 110 billion yuan

[gearbest News] Not long ago, Huawei announced its operating results for the first three quarters of 2022. In the first three quarters, its revenue was 441.141 billion yuan and its net profit was 23.927 billion yuan. However, looking at Huawei’s performance report, revenue is not the biggest point of view, but research and development expenses, because this company has always been known for its exaggerated research and development expenses. In recent years, facing various disadvantages, Huawei has instead increased investment in research and development.

HUAWEI Corporation

According to the news on October 30, according to Huawei’s consolidated income statement, its research and development expenses in the first three quarters were as high as 110.581 billion yuan, an increase of 8.241 billion yuan compared with 102.340 billion yuan in the same period last year.

According to data, Huawei’s cumulative R&D investment in the past 10 years has reached a staggering 845 billion yuan, and it spends more than 20 billion yuan in basic research every year.

Huawei Consolidated Income Statement

In terms of patents, Huawei’s new patents are also emerging. Just last week, Huawei also applied for patents on “human-vehicle interaction methods for autonomous vehicles, autonomous driving systems” and “dual-screen electronic devices”, one related to smart cars and one related to laptops. It can be seen that Huawei’s technical reserves are still accumulating.

Previously, the China Enterprise Confederation and the China Entrepreneurs Association released the R&D intensity rankings of various companies, of which Huawei ranked first, with a R&D intensity of 22.62%.