April 26th is the World Intellectual Property Day, HUAWEI official announced that, as of December 31, 2017, HUAWEI has authorized 74307 patents, 64091 applications for Chinese patents, and 48758 foreign patent applications, of which more than 90% are inventive patents.
Yu Chengdong, CEO of Huawei's consumer business, said:
In March 30th, the 2017 annual report issued by HUAWEI showed that HUAWEI's sales revenue was 603 billion 600 million yuan in 2017, up 15.7% from the same year, and net profit of 47 billion 500 million yuan, with an increase of 28.1% over the same period. Cash flow from operating activities was 96 billion 300 million, an increase of 95.7% over the same period last year.
In 2017, there were about 80 thousand R & D personnel in HUAWEI, accounting for 45% of the total number of companies. R & D expenditure is RMB 89 billion 700 million yuan, accounting for about 14.9% of total revenue. Over the past ten years, the total R & D cost has exceeded RMB 394 billion yuan.
Globally, HUAWEI's R & D investment ranked third, second only to Amazon and Google's parent company Alphabet.
In the next ten years, HUAWEI said that it will continue to increase its investment in technological innovation with the scale of more than $10 billion a year, actively open cooperation, attract, cultivate top talent and strengthen exploratory research, so as to make it better for digital and intelligent transformation.