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Peking University professor: Huawei's R&D investment accounts for 5.2% of China's total

By Phate Zhang
Dec 14, 2019 at 5:01 PM UTC
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Peking University professor: Huawei's R&D investment accounts for 5.2% of China's total-CnTechPost

At the Peking University Guanghua New Year Forum held today, Zhang Zhixue, a professor at the Peking University Guanghua School of Management, said that if China has a world-class enterprise, it is Huawei.

Zhang Zhixue said that in 1998, at the invitation of the Ministry of Human Resources, he deepened and enriched the digital models at the time and interviewed countless scientists and market personnel. Therefore, he himself said that Huawei was a world-class enterprise in China.

Zhang Zhixue added that today's 5G and AI need to have sufficient technical support behind them, and the most important thing is the research and development from an enterprise.

He said that in 2018, Huawei's sales accounted for 0.78% of the country's GDP, while R&D investment was 101.5 billion yuan, the country was 1.96 trillion yuan, accounting for 5.2% of the country, and patents obtained accounted for 10% of the country.

According to the 2018 annual report disclosed by Huawei Investment Holdings Co., Ltd. on March 30, Huawei achieved global sales revenue of 721.202 billion yuan in 2018, an increase of 19.5% year-on-year, and a net profit of 59.3 billion yuan, an increase of 25.1% year-on-year. More than 100 billion yuan.



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