Huawei released its 2022 Annual Report today. The company reports steady operations throughout 2022, generating CNY642.3 billion in revenue and CNY35.6 billion in net profits. Huawei continues to strengthen its investment in R&D, with an annual expenditure of CNY161.5 billion in 2022, representing 25.1% of the company's annual revenue and bringing its total R&D expenditure over the past 10 years to more than CNY977.3 billion.