Core Insights - Huawei's 2024 annual report shows that the company achieved global sales revenue of 862.1 billion yuan and a net profit of 62.6 billion yuan, aligning with expectations [1] - The company invested 179.7 billion yuan in R&D, accounting for approximately 20.8% of total revenue, with cumulative R&D expenditures exceeding 1.249 trillion yuan over the past decade [1] Revenue Breakdown - The ICT infrastructure business generated revenue of 369.9 billion yuan, a year-on-year increase of 4.9% [2] - The terminal business reported revenue of 339 billion yuan, growing by 38.3% [2] - Cloud computing business revenue reached 38.5 billion yuan, up 8.5% [2] - Digital energy business revenue was 68.7 billion yuan, increasing by 24.4% [2] - The intelligent automotive solutions business saw significant growth, with revenue of 26.4 billion yuan, a remarkable increase of 474.4% [2] - Other businesses contributed 19.6 billion yuan, reflecting a growth of 79% [2] - Overall revenue for Huawei increased by 22.4% compared to 2023 [1] Workforce and Innovation - As of December 31, 2024, Huawei employed approximately 113,000 R&D staff, making up 54.1% of the total workforce [1] - The company holds over 150,000 valid authorized patents globally [1] Strategic Focus - Huawei's leadership emphasized the importance of quality in operations and products, aiming to enhance quality competitiveness in 2025 [2] - The company is committed to strengthening its ecosystem, focusing on open collaboration and providing developers with user-friendly tools and products [2] - The rapid development of Huawei's cloud, Kunpeng, Ascend, and Harmony ecosystems was highlighted, with significant numbers of developers and partners engaged [5] - Huawei is dedicated to network security and privacy protection, aiming to build robust capabilities through management optimization and technological innovation [5]