Huawei ranks 9th in list of world’s top 10 most valuable brands

AMMAN – Chinese technology company Huawei ranked ninth on Brand Finance’s list of the world’s top 10 most valuable brands in 2022. 

“It is a testament to the brand's sustained recognition and influence in global markets,” said Huawei Vice President of Global Communication Karl Song.

During a media round table on Monday, Song said that the company had maintained “solid operations” throughout the past year.

Song added that Huawei achieved $99.9 billion in revenue in 2021, and $17.8 billion in net profits, an increase of 75.9 per cent year-on-year. 

The company’s R&D expenditure reached around $22.38 billion in 2021, representing 22.4 per cent of its total revenue, and bringing its total R&D expenditure over the past 10 years to over $132.5 billion. 

Song added that the company also plans to continuously increase investment in R&D.

According to Song, in 2021, Huawei generated a net profit of $17.8 billion with a net margin of 17.9 per cent. Cash flow from operating activities grew by 69.4 per cent, and the company now has “plenty of cash on hand”, he said. 

Song added that Huawei’s liability ratio dropped from 62.3 per cent in 2020 to 57.8 per cent in 2021, further improving the capital structure.

“Last year, Huawei's carrier business remained stable,” Song added.

He stated that Huawei has worked with carriers and partners around the world to advance over 3,000 industrial 5G applications, and provided the best 5G user experience in 13 countries, including Switzerland, Germany, Finland, Holland, South Korea and Saudi Arabia. 

“Our enterprise business experienced steady growth,” said Song.

He noted that Huawei launched 11 scenario-based solutions for key sectors such as transportation, finance and energy. As well as established multiple integrated teams, including a Coal Mine Team, a Smart Road Team, and a Customs and Port Team.

Song stated that Huawei continued to see steady sales growth in smart wearable’s, smart screens, and Huawei Mobile Services throughout the year. In total, HarmonyOS was used on over 220 million Huawei devices and has attracted 1,900 eco-system partners.

Song stated that Huawei, along with their partners, have supported the digital transformation of more than 20 industries, including ports, manufacturing, coal mining, steel production, and chemicals. “To date, we have signed more than 3,000 commercial contracts for industrial 5G applications worldwide,” he said.

“We've also integrated digital, power electronics, energy storage, and heat technologies to more effectively manage watts with bits,” Song noted.

He added that Huawei aims at helping customers conserve energy and cut emissions. 

By the end of 2021, Huawei’s digital power solutions had helped customers generate 482.9 billion kilowatt-hours of green power and save 14.2 billion kilowatt-hours of electricity, Song said.

These efforts have resulted in a reduction of 230 million tonnes of CO2 emissions, the equivalent of planting 320 million trees, he added.