Founded in 1987, Huawei is a leading global provider of information and communications

141,893
131,659
7.8%
– as % of revenue
15.9%
15.3%
0.6%
Selling and administrative expenses
113,430
114,165
(0.6)%
– as % of revenue
12.7%
13.3%
(0.6)%
Other (income)/expenses, net
(692)
(970)
(28.7)%
– as % of revenue
(0.1)%
(0.1)%
0.0%
Total operating expenses
254,631
244,854
4.0%
– as % of revenue
28.6%
28.5%
0.1%
In 2020, Huawei continued to increase its investment into its business continuity plan as well as future-oriented 
research and innovation, such as research in 5G, cloud, artificial intelligence, and smart devices. As a result, the 
company’s R&D expenses as a percentage of revenue increased by 0.6 percentage points YoY.
In addition, Huawei continued to increase investment in building its brand and ecosystem. However, selling and 
administrative expenses as a percentage of revenue declined by 0.6 percentage points as certain business activities 
like business trips and exhibitions were canceled due to COVID-19.

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2020 Annual Report
 
       
77
Net finance expense
(CNY Million)