In his New Year’s speech, Huawei‘s rotating chairman, Hu Houkun, delivered a message of resilience and optimism. After several years of navigating a challenging global landscape, Huawei operations have “basically returned to normal,” with sales revenue expected to exceed CNY 700 billion (USD 99 billion) in 2023. This achievement speaks volumes about the company’s unwavering commitment to innovation and customer service.

Huawei revenue 2023

Hu Houkun also highlighted several key areas of success for Huawei in 2023:

  • Stable ICT infrastructure business: Huawei’s core business remained strong, providing a solid foundation for the company’s overall growth.
  • Terminal business exceeding expectations: Despite ongoing challenges, Huawei’s smartphone and other consumer electronics businesses performed better than anticipated.
  • Digital energy and cloud business achieving good growth: Huawei’s investments in renewable energy and cloud computing solutions are paying off, with both sectors experiencing significant growth.
  • Significantly improved competitiveness of smart car solutions: Huawei is making strides in the burgeoning electric vehicle market, with its smart car solutions becoming increasingly competitive.

Houkun further expressed his deep gratitude to all those who have contributed to Huawei’s success, including customers, partners, employees, and their families. He emphasized that it is the “common belief” that has allowed Huawei to weather the storms and move forward.

While acknowledging the ongoing challenges posed by geopolitical uncertainties and economic fluctuations, Hu Houkun also outlined Huawei’s vision for the future. He emphasized the company’s commitment to digitalization, intelligence, and low-carbonization as key drivers of growth.

Key Focus Areas for Huawei 2024

Hu Houkun outlined several key focus areas for Huawei in 2024. Huawei will continue to invest in cutting-edge technologies, such as large language models and high-performance computing, to fuel innovation and growth.

Huawei is aiming to establish a world-class computing infrastructure to support its various digital initiatives. Ensuring the quality and security of its products and services will also remain a top priority for Huawei.

Moreover, Huawei will continue to foster a collaborative ecosystem by partnering with other companies and organizations. It will further streamline its organizational structure and empower employees to take ownership of their work. Most importantly, the company will prioritize the development of its leaders to ensure they are equipped to face the challenges of the future.

Hu Houkun concluded his speech with a message of hope and optimism. He expressed his confidence in Huawei’s ability to overcome any obstacle and achieve even greater success in the years to come. He believes that “people need precipitation and accumulation in order to become stronger,” and that Huawei’s past experiences have made it “down-to-earth” and prepared to “move forward steadily to win greater victory.”

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