Huawei is a national enterprise in China and one of the top 500 enterprises, ranking first among the top 500 private enterprises in China for five consecutive years. According to the 2020 annual report released by Huawei, Huawei's sales revenue was 891400 million yuan, up 3.8% year-on-year, and its net profit was 64.6 billion yuan, up 3.2% year-on-year.
In terms of profit, Huawei's market value is between 1 trillion and 2 trillion, but we still have to consider Huawei's comprehensive strength, such as Huawei's R&D investment. According to the Development Report of Top 500 Chinese Enterprises in 2020, Huawei's R&D investment is 1, 3 1, 6.59 million yuan; It is nearly 90 billion more than the patents of Alibaba and Huawei, the second place. According to the Annual Report of Invention Patents in 2020 published by incoPat Patent Database. The total number of patents authorized by Huawei reached 6,393, ranking first. It is nearly 1 times more than the second OPPO.