We are a leading global provider of information and communications technology (ICT) infrastructure and smart devices, founded in 1987. Our journey began in Shenzhen, China, with an initial capital of just CNY21,000, focusing initially on manufacturing telephone exchange switches. Over the decades, we've expanded our operations to over 170 countries and regions, and now proudly serve more than three billion people around the world. Our commitment is to bring digital to every person, home, and organization for a fully connected, intelligent world. This vision drives us to innovate relentlessly and push the boundaries of technology. We have grown to approximately 208,000 employees globally, a significant portion of whom are dedicated to research and development, reflecting our deep investment in the future of technology. Our business spans several key areas: telecommunications networks, IT products and solutions, cloud technology and services, digital power products and solutions, intelligent vehicle solutions, and smart devices for consumers.
Our core values emphasize customer-centricity, dedication, and continuous innovation. We strive to build an open, collaborative ecosystem that thrives on shared success. This includes working closely with thousands of partners globally to deliver cutting-edge solutions across various industries such as manufacturing, healthcare, e-commerce, and transportation. We are passionate about leveraging our expertise in ICT to help industries and organizations become more agile, efficient, and dynamic. A significant part of our mission involves substantial investment in R&D; in 2024 alone, we invested CNY179.7 billion, which accounted for 20.8% of our annual revenue. Over the past decade, our total R&D investment amounts to CNY1.2 trillion. This dedication to innovation has resulted in over 150,000 active patents. We are also committed to sustainability and bridging the digital divide, aiming to make technology accessible and beneficial for all. We believe in the power of digital technology to create a better, more intelligent future, and we are dedicated to playing a leading role in this transformation, working hand-in-hand with our customers and partners worldwide.