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Debt and Liquidity Summary

Liquidity Summary

Cash to revenue ratio1


Net cash2

Liability ratio3

1. Cash to revenue ratio is defined as cash and short-term investments at the end of the fiscal year divided by total revenues for the same period.
2. Net cash is calculated by subtracting total borrowings from cash and short-term investments at the end of the fiscal year.
3. Liability ratio is total liabilities expressed as a percentage of total assets.

Note: Numbers above are prepared in accordance with International Financial Reporting Standards ("IFRS").

Debt Summary

As of 31st December 2022, Huawei Investment & Holding Co., Ltd. had total borrowings of CNY 197.1 billion. A detailed breakdown is set out as follows:

By Type

By Currency

By Tenor

1. Intra-group guaranteed loans are external borrowings which have been raised by one group entity but contractual payments of principal and interest are guaranteed by another group entity.
2. As of December 31, 2023, the company's trade receivable financing accounted for 0.0026% of the company's total borrowings.