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Huawei forecasts sales revenue to surpass 700 Billion Yuan in 2023

Beijing, December 29, 2023, The Europe Today: Chinese tech giant Huawei anticipates its sales revenue for 2023 to surpass 700 billion yuan (approximately 98.83 billion U.S. dollars), as indicated in a statement released by the company on Friday. The announcement highlights that Huawei’s operations have largely returned to normalcy.

In the course of 2023, the company witnessed the resilience of its information and communication infrastructure business, with the terminal business surpassing expectations.

Additionally, the digital power and cloud businesses experienced robust growth, contributing to the overall positive outlook. The statement further notes a significant enhancement in the competitiveness of intelligent automotive solutions, underlining Huawei’s diversified and expanding presence in various technology sectors.

Hu Houkun, Huawei’s rotating chairman, conveyed, “We survived and fostered growth through arduous efforts, but the challenges remain severe.” Emphasizing the company’s unwavering commitment, he stated that regardless of external changes, Huawei is determined to maintain strategic resolve.

The approach involves fully leveraging the company’s comprehensive advantages in industry portfolio, technological innovation, and intricate hardware and software platforms. Huawei remains steadfast in its commitment to consistently deliver high-quality products and services to its customers, underscoring a resilient and forward-looking strategy in the face of ongoing challenges.