Huawei Revenue and Growth Statistics (2023)

Key Huawei user stats. Includes data on revenue, investments, number of people, number of users, and more.
Huawei Revenue and Growth Statistics (2023)
Last updated on:
November 7, 2022

Huawei Interesting Key Facts

  • 80% of the world’s top 50 telecoms companies had worked with Huawei at the beginning of 2010.
  • Huawei claims that their company is 100% fully owned by its employees. However, this claim is met with various negative criticisms stating that this claim is misleading and that it is not true.
  • Tony Podesta was hired by Huawei as a consultant and lobbyist in hopes that the company’s relationship will go smoothly with President Biden’s administration. He is the brother of Jon Podesta, White House Deputy Chief of Staff.
  • In 2020, Huawei managed to dethrone Samsung as the leading company in the smartphone industry.
  • However, Huawei’s market share and revenue fell by a large margin. This happened after the U.S. government restricted Huawei’s purchase transactions with dozens of U.S. tech companies that supply them with phone parts and components.
  • Ren Zhengfei, the founder and CEO of Huawei, started the company at the age of 43.
  • In 1977, Ren Zhengfei won an award for his successful development of air pressure balance.
  • Ren Zhengfei has always been the president of Huawei since 1998.
  • In 1983, even though he was appointed as the deputy general of the company he worked for, Ren Zhengfei only earned 100 yuan per month.
  • Ren Zhengfei resigned afterward, divorced his wife, and lived in a ten-square-meter house with his parents and nephews.
  • In 1987, Shenzhen Huawei Technology Co., Ltd. was founded.

Sources: RCR Wireless News, New York Times, Politico,

Huawei: Company Overview (About)

Join us, as we're going to look at Huawei's stats throughout the years.

At a glance:

Key StatKey Info
TypePrivate
ISNHK0000HWEI11
IndustryConsumer electronics, Telecom equipment, Networking equipment, Semiconductors, Artificial intelligence, Automation Cloud computing, Internet of things
FoundedSeptember 15, 1987
HeadquartersShenzhen, Guangdong, China
Area ServedWorldwide
Key PeopleRen Zhengfei (founder and CEO), Liang Hua (chairman), Meng Wanzhou (deputy chairwoman and CFO), He Tingbo (Director)
ProductsMobile and fixed broadband networks, Consultancy and managed services, Multimedia technology, Smartphones, Tablet computers, Dongles, Smart TV, HarmonyOS, EMUI, EulerOS
BrandsHuawei
Revenue¥636.8 billion RMB
Operating Income¥72.501 billion RMB
Net Income¥113.7 billion RMB
Total Assets¥876.854 billion RMB
Total Equity¥330.408 billion RMB
Number of employees195,000 (2021)
ParentHuawei Investment and Holding
SubsidiariesHonor (2013-2020)
 Caliopa
 Chinasoft International
 FutureWei Technologies
 HexaTier
 HiSilicon
 iSoftStone
Website:https://www.huawei.com/en/

Sources: Huawei 1 , Huawei 2

What is Ren Zhengfei’s net worth?

According to Forbes, Ren Zhengfei has a net worth of $1 billion.

Source: Forbes

How much is Huawei worth?

Huawei is worth $154 billion in 2021, according to Huawei Central.

Source: Huawei Central

What is Huawei’s global market share?

Most recent data shows that Huawei had a market share of 8.4% in 2020.

Huawei had a dominating presence in the global market share throughout the years. They even took the crown from Samsung and became the leading smartphone seller in Q2 2020.

However, Huawei started to fall out of the top 5 when the U.S. government restricted them from purchasing component parts from U.S. tech companies.

Also, in 2022, the U.S. banned the sale of Huawei’s telecommunication products and ZTE products, so we might be seeing a diminishing Huawei presence in the global market share.

YearMarket Share
201710.70%
201816.10%
201915.20%
20208.40%

These were Huawei’s market shares per quarter from Q1 2017 to Q4 2020.

QuartersMarket Share
Q1 201710%
Q2 201711%
Q3 201710.40%
Q4 201710.70%
Q1 201811.80%
Q2 201815.90%
Q3 201814.60%
Q4 201816.10%
Q1 201919%
Q2 201917.60%
Q3 201918.60%
Q4 201915.20%
Q1 202017.80%
Q2 202020%
Q3 202011.70%
Q4 20208.40%

Quarter-wise, Huawei had the highest market share in Q2 of 2022, at 20%.

Source: Statista, Phone Arena,CNBC 1, CNBC 2,  BBC

Huawei Revenue

Huawei had RMB 636.81 billion or $98.71 billion in 2021. Meanwhile, the company’s revenue was higher in 2019 and 2020 compared to their revenue in 2021.

Huawei’s revenue in USD as calculated through the average exchange rates of each year.

YearRevenue (USD)Y/Y Change
2011$32.40 billion
2012$35.35 billion9.11% increase
2013$39.46 billion11.63% increase
2014$46.51 billion17.87% increase
2015$60.83 billion30.79% increase
2016$75.10 billion23.46% increase
2017$92.55 billion23.24% increase
2018$105.19 billion13.66% increase
2019$122.97 billion16.90% increase
2020$136.72 billion11.18% increase
2021$99.89 billion-26.94% decrease

Huawei’s revenue in RMB as per the company’s annual report.

YearRevenue (RMB)Y/Y Change
2011RMB 203.93 billion
2012RMB 220.20 billion7.98% increase
2013RMB 239.03 billion8.55% increase
2014RMB 288.20 billion20.57% increase
2015RMB 395.01 billion37.06% increase
2016RMB 521.27 billion31.96% increase
2017RMB 603.62 billion15.80% increase
2018RMB 721.20 billion19.48% increase
2019RMB 858.83 billion19.08% increase
2020RMB 891.37 billion4.49% increase
2021RMB 636.81 billion-29.03% decrease

Sources: Statista, Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5

Huawei revenue per business segment (2021)

In 2021, Huawei's greatest revenue came from the Carrier segment, at RMB 281.47 billion.

The second largest segment for Huawei's revenue in 2021 was the Enterprise segment, with revenue of RMB 102.44 billion.

Business SegmentRevenue
CarrierRMB 281.47 billion
EnterpriseRMB 102.44 billion
ConsumerRMB 243.43 billion
Other itemsRMB 9.47 billion
TotalRMB 636.81 billion

Sources: Huawei

Huawei revenue per geographical segment (2021)

In 2021, the largest geographical segment for Huawei's revenue was China, with revenue of RMB 413.30 billion.

Geographical SegmentRevenue
ChinaRMB 413.30 billion
Europe, the Middle East and Africa (EMEA)RMB 131.47 billion
Asia PacificRMB 53.68 billion
AmericasRMB 29.22 billion
OthersRMB 9.14 billion
TotalRMB 636.81

Followed by China are Europe, the Middle East and Africa (EMEA), with revenue of RMB 131.47 billion for Huawei (2021).

Sources: Huawei

How much money does Huawei spend on R&D?

Huawei spent $22.12 billion for their research and development in 2021. The expenditure on R&D for that year came from 22.4% of the company’s total revenue.

Huawei’s expenditure on R&D in USD by calculating average exchange rates on each year.

YearExpenditure (USD)Percentage on the Revenue
2011$3.68 billion
2012$4.77 billion13.50%
2013$4.99 billion12.80%
2014$6.63 billion14.20%
2015$9.49 billion15.10%
2016$11.51 billion14.60%
2017$13.27 billion14.90%
2018$15.37 billion14.10%
2019$19.06 billion15.30%
2020$20.57 billion15.90%
2021$22.12 billion22.40%

Huawei’s expenditure on R&D according to their annual reports.

YearExpenditure (RMB)Percentage on the Revenue
2011RMB 23.70 billion
2012RMB 30.09 billion13.50%
2013RMB 30.67 billion12.80%
2014RMB 40.84 billion14.20%
2015RMB 59.61 billion15.10%
2016RMB 76.40 billion14.60%
2017RMB 89.69 billion14.90%
2018RMB 101.51 billion14.10%
2019RMB 131.66 billion15.30%
2020RMB 141.89 billion15.90%
2021RMB 142.7 billion22.40%

Sources:  Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5

What is Huawei’s gross profit?

Huawei had a gross profit of $47.65 billion in 2021, a small increase of 0.46% from 2020.

Huawei’s gross profits in USD are calculated through average exchange rates in each year.

YearGross Profit (USD)Y/Y Change
2011$11.83 billion
2012$13.88 billion17.33% increase
2013$15.95 billion14.91% increase
2014$20.20 billion26.65% increase
2015$26.22 billion29.80% increase
2016$31.65 billion20.71% increase
2017$35.24 billion11.34% increase
2018$42.11 billion19.49% increase
2019$46.73 billion10.97% increase
2020$47.43 billion1.50% increase
2021$47.65 billion0.46% increase

Huawei’s gross profit in RMB according to the company’s annual reports.

YearGross Profit (USD)Y/Y Change
2011$11.83 billion
2012$13.88 billion17.33% increase
2013$15.95 billion14.91% increase
2014$20.20 billion26.65% increase
2015$26.22 billion29.80% increase
2016$31.65 billion20.71% increase
2017$35.24 billion11.34% increase
2018$42.11 billion19.49% increase
2019$46.73 billion10.97% increase
2020$47.43 billion1.50% increase
2021$47.65 billion0.46% increase

Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5

What is Huawei’s operating profit?

Huawei’s operating profit was $19.04 billion in 2021 with 71.22% increase compared to 2020.

Huawei’s operating profits in USD are calculated through average exchange rates in each year.

YearOperating Profit (USD)Y/Y Change
2011$2.95 billion
2012$3.20 billion8.47% increase
2013$4.81 billion50.31% increase
2014$5.52 billion14.76% increase
2015$7.05 billion27.72% increase
2016$6.84 billion-2.98% decrease
2017$8.64 billion26.32% increase
2018$10.69 billion23.73% increase
2019$11.15 billion4.30% increase
2020$11.12 billion-0.27% decrease
2021$19.04 billion71.22% increase

Huawei’s operating profit in RMB according to the company’s annual reports.

YearOperating Profit (RMB)Y/Y Change
2011RMB 18.80 billion
2012RMB 20.66 billion9.89% increase
2013RMB 29.13 billion41.00% increase
2014RMB 34.21 billion17.44% increase
2015RMB 45.79 billion33.85% increase
2016RMB 47.52 billion3.78% increase
2017RMB 56.38 billion18.65% increase
2018RMB 73.29 billion29.99% increase
2019RMB 77.84 billion6.21% increase
2020RMB 72.50 billion6.86% decrease
2021RMB 121.41 billion67.46% increase

Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5

What is Huawei’s net profit?

Huawei had a net profit of $17.84 billion in 2021, an increase of 80.02% from 2020.

Huawei’s operating profits in USD  are calculated through average exchange rates in each year.

YearNet Profit (USD)Y/Y Change
2011$1.85 billion
2012$2.47 billion33.51% increase
2013$3.47 billion40.49% increase
2014$4.50 billion29.68% increase
2015$5.69 billion26.44% increase
2016$5.34 billion-6.15% decrease
2017$7.28 billion36.33% increase
2018$8.66 billion18.96% increase
2019$8.97 billion3.58% increase
2020$9.91 billion10.48% increase
2021$17.84 billion80.02% increase

Huawei’s net profit in RMB according to the company’s annual reports.

YearNet Profit (RMB)Y/Y Change
2011RMB 11.66 billion
2012RMB 15.62 billion34.66% increase
2013RMB 21.00 billion34.44% increase
2014RMB 27.87 billion32.71% increase
2015RMB 36.91 billion32.44% increase
2016RMB 37.05 billion0.38% increase
2017RMB 47.46 billion28.10% increase
2018RMB 59.35 billion25.05% increase
2019RMB 62.67 billion5.59% increase
2020RMB 64.65 billion3.16% increase
2021RMB 113.72 billion75.90% increase

Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5

What is Huawei’s total assets?

Huawei had a total asset worth $154.18 billion or RMB982.97 in 2021.

Huawei’s total assets in USD calculated through average exchange rates in each year.

YearTotal Assets (USD)Y/Y Change
2011$30.71 billion
2012$33.72 billion9.80% increase
2013$38.23 billion13.37% increase
2014$50.00 billion30.79% increase
2015$57.32 billion14.64% increase
2016$63.88 billion11.44% increase
2017$77.46 billion21.26% increase
2018$97.11 billion25.37% increase
2019$122.95 billion26.61% increase
2020$134.49 billion9.39% increase
2021$154.18 billion14.64% increase

Huawei’s total assets in RMB according to the company’s annual reports.

YearTotal Assets (RMB)Y/Y Change
2011RMB 193.85 billion
2012RMB 223.35 billion15.22% increase
2013RMB 244.09 billion9.29% increase
2014RMB 309.77 billion26.91% increase
2015RMB 372.15 billion20.1375% increase
2016RMB 443.63 billion19.21% increase
2017RMB 505.25 billion13.89% increase
2018RMB 665.79 billion31.77% increase
2019RMB 856.66 billion28.67% increase
2020RMB 876.85 billion2.36% increase
2021RMB 982.97 billion12.10% increase

Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5

Huawei Investments

Huawei’s latest investment was on March 2, 2022, that raised $1 million for Innova Solution Tech.

Announced DateOrganization NameLead InvestorFunding RoundMoney Raised
Mar 2, 2022Innova Solution TechYesSeed Round - Innova Solution Tech$1 million
Nov 26, 2021Beijing Weilan New Energy TechnologySeries C - Beijing Weilan New Energy Technology$71.18 million
Jun 14, 2021QWANTConvertible Note - QWANT$8.43 million
Dec 19, 2019LeroYesVenture Round - Lero$6.32 million
May 8, 2017Falcon Computing SolutionsSeries B - Falcon Computing Solutions$8.43 million
Mar 1, 2015Che YouyuanAngel Round - Che Youyuan$427,000
Jul 21, 2014XMOSSeries D - XMOS$26.2 million
Jan 1, 2011TeewonNoVenture Round - Teewon$45.55 million
Feb 9, 2004LightPointeVenture Round - LightPointe$17 million

Source: Crunchbase

Huawei Acquisitions

Huawei has a total of 9 acquisitions. Below you can see a list of them.

Acquiree NameAnnounced DatePriceTransaction Name
VocordJun 4, 2019Vocord acquired by Huawei Technologies
Vokord Telekom ZaoJun 3, 2019$50 millionVokord Telekom Zao acquired by Huawei Technologies
HexaTierDec 27, 2016$42 millionHexaTier acquired by Huawei Technologies
Toga NetworksDec 7, 2016Toga Networks acquired by Huawei Technologies
NeulSep 22, 2014$25 millionNeul acquired by Huawei Technologies
Centre for Integrated PhotonicsJan 26, 2012Centre for Integrated Photonics acquired by Huawei Technologies
Huawei Symantec TechnologiesNov 14, 2011Huawei Symantec Technologies acquired by Huawei Technologies
3LeafFeb 19, 20113Leaf acquired by Huawei Technologies
Harbour Networks HoldingsSep 11, 2006Harbour Networks Holdings acquired by Huawei Technologies

Source: Crunchbase

How many people work at Huawei?

Huawei had 195,000 employees by the end of 2021.

YearNumber of Employees
2011140,000
2012150,000
2013150,000
2014169,000
2015176,000
2016178,000
2017180,000
2018188,000
2019194,000
2020197,000
2021195,000

With almost each new year at Huawei, there are at least 2,000 new employees working for the company.

As per latest data, in the course of 10 years (2011-2021), there have been 55,000 new employees at Huawei.

Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5

How many Huawei employees work on R&D?

A large chunk of Huawei’s employee population works on research and development. Investment on research and development is textbook strategy used by many large corporations and companies to reduce the corporation tax.

At the same time, the company can advance their technology so it’s a two bird in one stone kind of thing.

The table below shows how many Huawei employees work on research and development.

YearNumber of Employees (R&D)Percentage
201162,00044%
201270,00045%
201370,00045%
201476,00045%
201579,00045%
201680,00045%
201780,00045%
201880,00045%
201996,00049%
2020105,00053.40%
2021107,00054.80%

In 2021, there have been 107,000 employees working in R&D at Huawei. That makes almost 55% of Huawei's total employees.

Note how there have always been at least 44% of the company's total employees working in R&D at Huawei.

Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5

Who owns Huawei?

Huawei implements Employee Stock Ownership Program wherein employees own the company through the number of shares.

Ren Zhengfei, founder and CEO of Huawei, holds the most number of shares at 0.84% in 2021.

Year# of Employees as Shareholders
201165,596
201274,253
201384,187
201482,471
201579,563
201681,144
201780,818
201896,768
2019104,572
2020121,269
2021131,507

In 2021, there have been 131,507 employees as shareholders within Huawei. For reference, there have been 195,000 people employed at Huawei in 2021.

This means that 63,493 of the total people working for the company were not shareholders of Huawei in 2021.

Source: Huawei

How many people use Huawei?

According to Huawei, more than 3 billion people in the world use Huawei products and services in 2021.

YearUsers
2019600 million
20213 billion

Source: Huawei 1, Huawei 2

Huawei users’ gender distribution

It is estimated that 71.59% of Huawei's total users are males, and 28.41% of the users are females.

GenderPercentage
Male71.59%
Female28.41%

Source: Similarweb

Huawei users’ age distribution

Age BracketPercentage
18-2421.38%
25-3437.82%
35-4421.54%
45-5410.27%
55-645.82%
65+3.16%

Source: Similarweb

How many smartphones have Huawei shipped?

Most recent data shows that Huawei shipped 35 million smartphones in 2021.

YearNumber of Smartphones
2016139 million
2017153 million
2018200 million
2019240.6 million
2020188.5 million
202135 million

Huawei had been producing large amount of smartphones throughout the years.

However, we can see the reduction of its shipment in 2020 and 2021 as these are the years in which the US regulations were implemented.

Therefore, lots of Huawei smartphones never made it to the US market in 2020-21.

Source: Huawei, Huawei Central, Phone Arena, CNBC

How many patents does Huawei have?

Huawei has 110,000 held patents in 2021 across 45,000 patent families.

The table below shows us a more detailed look on the number of patents that Huawei held through the years.

YearNumber of Patents
201774,307
201887,805
201985,000
2020100,000+
2021110,000+

The number of Huawei patents grows with at least a few thousands every new year.

Sources: Huawei 1, Huawei 2, Huawei 3, Huawei 4, Huawei 5

How many partners does Huawei have?

By the end of 2021, Huawei was working with over 38,000 partners from different sectors: sales, solutions, service and operating, talent alliance, and investment and financing.

YearNumber of Partners
201928,000
202030,000
202138,000

The number of Huawei partners grew by 8,000 from 2020 to 2021.

Source: Huawei 1, Huawei 2, Huawei 3

How many partners does Huawei have in 2021?

In 2021, over 38,000 partners were working with Huawei worldwide. The table below shows us the breakdown.

Partner IndustryNumber of Partners
Sales Partners25,000+
Solution Partners5,000+
Service and Operating Partners6,400+
Talent Alliance2,000+
Investment and Financing Partners100+
Total38,000

Looking at the table, we can see how most of Huawei's partners are in the Sales industry, totalling over 25,000 of Huawei's partners.

The second most popular industry is Solutions, with over 5,000 of the total partners at Huawei.

Source: Huawei

How many Huawei Certified ICT Expert certifications (HCIE) presented in 2021?

In 2021, Huawei has presented over 17,000 HCIE certifications. Huawei considers the passers as a valuable resource for industry digitalization worldwide.

Source: Huawei

GCI Ranking according to Huawei’s annual report in 2021

Huawei has the highest GCI in the US, with a score of 87.

These are the top 10 countries with the highest GCI based on Huawei’s annual report by the end of 2021.

RankCountryGCI Score
#1United States87
#2Singapore81
#3Switzerland81
#4Sweden80
#5Denmark77
#6Finland76
#7Netherlands75
#8United Kingdom75
#9Japan75
#10Norway73

Not too far away from the US are Singapore and Switzerland, with a GCI score of 81. Sweden also has a GCI score of 80 at Huawei.

Source: Huawei

Huawei Traffic Summary Overview

Key StatKey Info
Daily Unique Visitors3,425,100
Monthly Visits103,780,530
Pages per Visitor17
Daily Pageviews57,026,736
Monthly Visits (SEMrush)63,464,509
Monthly Unique Visitors (SEMrush)37,069,668
Monthly Visits (SimilarWeb)101,735,651
Alexa Rank227
Alexa Reach0.156% (of global internet users)
Bounce rate43.81%

Source: HypeStat

Huawei Website Traffic Sources

Most of Huawei's website traffic comes from direct sources, with 60.42% of the total traffic.

Direct Sources60.42%
Referral Sources10.15%
Search Sources28.10%
Social Sources0.64%
Paid Sources0.68%

Source: HypeStat

Huawei Traffic Source: Desktop vs Mobile

  • 15.84% of the users visit the website through desktop devices
  • 84.16% of the users visit the website through mobile devices

Source: HypeStat

Top countries sending traffic to Huawei.com

The #1 country sending traffic to Huawei's website is China, totalling 70.94%. After China, every country has under 2% of the total traffic sent to the website.

CountryPercentage
China70.94%
Germany2.07%
Russia1.67%
Mexico1.63%
Turkey1.26%

Germany is the second most popular country for Huawei's traffic, holding 2.07% of the total traffic for the website.

Source: Similarweb

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About the author

Ch Daniel is the co-founder of SignHouse and chairman of the CH Group. Daniel is leading the development of SignHouse's product, as well as strategising how else the company can reach its main mission: empowering 100M+ to use the world's most efficient document organisational tools.

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