Personnel expenses of Huawei

Huawei Personnel expenses 2009-2021

Amounts are in CNY Million.

YearPersonnel expenses (CNY Million)
2021164,538
2020166,061
2019168,329
2018146,584
2017140,285
2016121,872
2015100,834
201471,808
201352,450
201247,383
201139,367
201031,354
200924,816

2021: In 2021, the number of employees working for Huawei was down to 195,000 compared to 197,000 in 2020. The personnel expenses of the company declined to 164,538 million Chinese yen compared to 166,061 million Chinese yen in the prior year. The company spent 137,140 million Chinese Yen on salaries, wages and benefits in 2021 compared to 139,095 million Chinese Yen in 2020. The total operating expenses of Huawei declined by 3.3% in 2021 compared to 2020. Its total operating expenses for 2021 were 246,827 million compared to 255,323 million in 2020.

Huawei experienced a significant drop in its net revenue in 2021, a fall of 28.6% compared to the prior year. However, its net profit grew signifciantly in 2021 compared to 2020.

 2018: The personnel expenses of Huawei include salaries, wages, benefits and employment plans. In 2018, the personnel expenses of Huawei grew to ¥146,584 million from ¥140,285 million in 2017.