Tech war: Huawei posts flat 2022 revenue as US sanctions continue to bite, vows to seek ‘quality’ survival in coming year

  • The marginal growth of 100 million yuan represents a 0.00016 per cent year-on-year increase, although it is an improvement on last year’s 28.6 per cent drop
  • Huawei has exited its ‘war mode’ and managed to gradually ‘turn peril into safety’ during 2022, according to a message from rotating chairman Eric Xu

Iris Dengin Shenzhen
A technician at the entrance to a Huawei 5G data server centre at Guangdong Second Provincial General Hospital in Guangzhou, China. Photo: AP
Huawei Technologies Co, the struggling Chinese tech giant under harsh US sanctions, is expected to report 636.9 billion yuan (US$91.5 billion) in revenue for 2022, flat when compared with last year’s figure of 636.8 billion yuan, according to new year message posted by its rotating chairman Eric Xu.

The marginal growth of 100 million yuan, representing a 0.00016 per cent year-on-year increase, marks an improvement from 2021 when Huawei’s revenue plunged 28.6 per cent year on year. The flat growth, despite Huawei’s efforts to diversify its sources of incomes, highlights the mounting difficulties it faces after its smartphone business and overseas sales were hit hard by US sanctions.

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