Huawei's 2024 Comeback: All Intelligence Strategy Drives Revenue Surge, Future Focused.

Huawei demonstrated strong financial growth in 2024, achieving RMB 862 billion in sales revenue (up 22.4%) driven by its "All Intelligence Strategy" and a rebound in its terminal business. Despite a decline in net profit due to substantial R&D investments, the company's strategic focus on AI, technological self-reliance, and diversified growth, including its newly profitable intelligent automotive solutions, signals a robust long-term trajectory.

Strong Financial Performance & "All Intelligence Strategy"

• Sales Revenue: Reached RMB 862 billion, a 22.4% year-on-year increase, marking the second-highest in company history.
• Strategic Driver: "All Intelligence Strategy" aimed at empowering industries with AI and Large Language Models (LLMs).
• Profit Impact: Net profit declined 28% to RMB 62.6 billion, attributed to significant R&D investments and absence of one-time gains.

Robust Growth Across Key Business Segments

• Terminal Business: Achieved a significant 38.3% revenue rebound to RMB 339 billion, driven by smartphone sales (Mate/P-series, Kirin chips) and HarmonyOS adoption.
• Intelligent Automotive Solutions (IAS): Surged 474.4% to RMB 26.353 billion, turning a profit for the first time with solutions like Qiankun and Harmony cockpit.
• ICT Infrastructure: Remained the largest revenue contributor at RMB 369.9 billion (4.9% growth), foundational for intelligent infrastructure.
• Digital Power & Huawei Cloud: Digital Power grew 24.4% to RMB 68.7 billion, and Huawei Cloud revenue rose 8.5% to RMB 38.5 billion, expanding to 33 geographic regions.

Commitment to R&D and Technological Self-Reliance

• R&D Investment: RMB 179.7 billion invested in R&D in 2024, accounting for 20.8% of annual revenue.
• Strategic Response: This aggressive investment is a response to persistent U.S. sanctions, aiming for a full-stack ecosystem independent of Western technology.
• Workforce Allocation: Over 113,000 employees (54.1% of workforce) are dedicated to R&D.

Expanding Global Footprint & Ecosystem

• Global Reach: Business spans over 170 countries and regions, serving more than 3 billion people globally.
• HarmonyOS Ecosystem: Over 1 billion HarmonyOS-powered devices developed, crucial for building a robust, self-sufficient ecosystem beyond smartphones.
• Enterprise & Carrier Support: Serves over 360,000 enterprises worldwide and supports stable operation of more than 1,500 carrier networks.