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On March 31, Huawei held the 2022 annual report conference at the Bantian Headquarters Base in Shenzhen, China. Meng Wanzhou, Huawei’s chief financial officer, pointed out when introducing Huawei’s 2022 operating situation that Huawei’s overall operations was stable in 2022, with global sales revenue of 642.3 billion yuan, a slight increase of 0.9% year-on-year, and a net profit of 35.6 billion yuan. At the end of 2022, Huawei’s asset-liability ratio was 58.9%, and its net cash balance was 176.3 billion yuan. Among the total assets of nearly one trillion yuan, high-liquidity assets such as cash, short-term investment, and operating assets constitute the main part of the assets. The financial situation remained stable and had strong resilience and flexibility. “China Focus“ is a YouTube channel created to provide current events and pop culture headlines from you can get to know a more real China through my video. ｜ #ChineseNews #chips #
