• In Q4 2022, Huawei's sales increased by 7.2 percent.
• Huawei's projected CNY 636.9 billion in annual sales for 2022.
• To work around US limitations, Huawei entered the smart car and cloud services markets.

After overcoming a number of restrictions imposed by the US this year, Huawei Technologies Co. announced its third consecutive quarter of growth and signalled a return to normalcy.

After establishing new revenue streams from industries like smart automobiles and cloud services, the company's sales increased 7.2 percent to CNY 191 billion (approximately Rs. 2,27,820 crore) in the December quarter, according to Bloomberg's calculations based on annual numbers. 

The Shenzhen-based business reported that 2022 sales were CNY 636.9 billion (approximately Rs. 7,59,520 crore), a slight increase from the previous year. 

After US tech export restrictions decimated Huawei's smartphone business—for a brief while, the largest in the world—and restricted the sale of advanced equipment in developed markets, the company is attempting to expand into other markets and companies. 

A ban on contract chipmakers manufacturing semiconductors created by Huawei is one of these trade barriers, effectively crippling its HiSilicon design business. Although he did not cite China's dramatic change in Covid policy, Rotating Chairman Eric Xu foresaw macroeconomic volatility in 2023 in his yearly new year's greeting to the workforce. 

Concerns concerning the impact on economies of a later rise in infections have been raised as a result of that about-face. Longer-term demand for technology, though, Xu claimed, is still present. He made no mention of how the business would get over export limitations, although Huawei has spent a significant amount of the last three years looking for, creating, and studying alternatives to American components.

'We successfully emerged from crisis mode in 2022. We're back to business as usual, and US limitations have become the new normal for us,' Xu added. Although there may be a lot of uncertainty in the macro environment, digitalization and decarbonization are the way to go and are where the chances for the future are.

 By selling patents, technical services, and wireless equipment to new clients including automakers, coal mines, and industrial parks, Huawei has also looked for alternate revenue streams. It started collecting royalties from the top smartphone manufacturers in the world, such Apple and Samsung.

According to Alan Fan, the business's worldwide head of IP, the Chinese company has inked more than 20 patent licence deals this year that encompass connected cars, networking, the Internet of Things, smartphones, and other technologies.