Zhao Ming is surprised: Honor's R&D investment accounts for about 10% of total revenue, which is incredible.

Honor CEO Zhao Ming revealed at the "Global Industry Development Forum (GIF) 2023" that Honor ranks among the top six Chinese companies in terms of R&D investment, investing almost more than 10% of the company's revenue in products and R&D

In recent years, with the emergence of new technologies, new materials and large artificial intelligence models, more development impetus has been injected into the smartphone industry

Zhao Ming emphasized: "In the past three years, We adhere to long-termism and invest heavily in R&D to invest in the future. In 2020, Honor's R&D investment intensity ranked among the top 6 among China's top 500 companies. We invested almost more than 10% of the company's revenue in products and R&D. As a consumer electronics company, 10% of the R&D investment intensity is very astonishing.”

This site found Huawei’s latest financial report. Compared with this, Huawei achieved revenue of 308.290405 billion yuan in the first half of this year. . Net profit was approximately 46.523 billion yuan, a year-on-year increase of 218%. R&D investment is 82.604 billion yuan, accounting for 26.79% of revenue

According to Lei Jun, Xiaomi will increase R&D investment in 2022, reaching 16 billion yuan, a year-on-year increase of 21%. He also announced that he would invest 20 billion yuan this year. The financial report shows that Xiaomi Group’s total revenue in 2022 will be 280 billion yuan, and its adjusted net profit will be 8.5 billion yuan

Further reading:

Zhao Ming said that it is absolutely impossible for Huawei to be glorious again return

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