This morning, Huawei released its 2016 annual report. According to annual report data, Huawei's three major carriers, businesses and terminals in 2016 achieved global revenues of 521.6 billion yuan, an increase of 32% year-on-year, and a net profit of 37.1 billion yuan, a year-on-year increase of 0.4%. In addition, in terms of R&D investment, Huawei continued to invest in the future in 2016, with R&D expenses of 76.4 billion yuan, accounting for 14.6% of total revenue. The annual report mentioned that Huawei paid employee expenses of RMB 94.179 billion. Therefore, according to a rough calculation by the media, the average salary of 180,000 Huawei employees last year was RMB 532,200, which was close to RMB 600,000, an increase of over 13%. Of course, Huawei’s hard work is also known both internally and externally. Chairman Sun Yafang said “We don’t have any scarce resources to rely on. Only through long-term and arduous efforts of employees can we continue to create value for our customers and society. Rewards and personal growth." Prior to this, Ren Zhengfei was even more provocative. "The 30-year-old is young and strong and does not work hard. Just want to put money in bed. Is it possible?" Huawei’s compensation has always been a hot topic. In the 2017 graduate school recruiting program, Huawei’s Managing Director and CFO Meng Wanzhou also set the tone for the first time. “Previously, we were paid by academic qualification. From this year, Huawei The salary will be determined according to the value, and the potential contribution value of excellent students will be fully considered, especially if the annual salary of cattle is not capped."
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September 04, 2022