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Huawei announces 2020 financial results, achieving total revenue of $ 136.7 billion, an annual increase of 3.8%



Huawei confirms its commitment to creating more value for communities and customers in the face of difficult circumstances

Huawei published its audited annual report for 2020, which revealed the decline in growth, but the company's commercial performance largely matched its expectations, as the company's global sales in 2020 amounted to about $ 136.7 billion, an increase of 3.8% annually. Net profit was $ 9.9 billion, an increase of 3.2% year-on-year.

 

Despite the challenges that the company faced between 2019 and 2020 due to US sanctions, Huawei continued to present its annual report, as the global company "KPMG" audits the company's financial data independently and objectively and issues an independent report that transparently discloses the operational data of the various businesses of the company.

 

The report included details of Huawei’s most prominent business in 2020, as the Huawei Carrier Group of Communications Networks succeeded in ensuring the continued operation of more than 1500 communications networks in more than 170 countries and regions around the world, which contributed to supporting remote work, learning and online shopping during The lockdown period imposed by the outbreak of the pandemic. The company has provided a distinctive communication experience through its work with telecom companies around the world, and has achieved further business progress by implementing more than 3000 innovative projects in the fifth generation in more than 20 sectors such as coal mines, steel production, ports and manufacturing.

 

Over the past year, Huawei Enterprise Group has provided the enterprises and institutions sector with a wide range of innovative solutions for tailored scenarios to serve businesses of various sectors, and has made great efforts to build a thriving digital ecosystem thanks to joint innovation and shared success. During the outbreak of the pandemic, Huawei provided many technical expertise and solutions that played an important role in combating the pandemic, as the AI-based diagnostic solution provided by the HUAWEI Cloud Platform contributed to supporting the medical infrastructure in hospitals around the world. Huawei has teamed up with its partners to launch cloud computing platforms to provide online learning to more than 50 million schoolchildren.

 

The "Huawei Consumer" business group for consumer devices made remarkable progress in implementing the strategy of "easy life based on artificial intelligence" ("1 + 8 + N") by launching the HarmonyOS operating system and the Huawei mobile services system to provide a smart experience to consumers through all Devices and scenarios with an emphasis on smart offices, fitness, health, smart homes, comfortable travel and entertainment.

 

During the press conference to announce the results, Ken Hu, Chairman of Huawei's regular board, said: “We managed to overcome the challenges that we faced over the past year, and we continued to innovate in order to create greater value for our customers, contribute to fighting the pandemic and promote economic recovery and social development throughout. We have also focused on strengthening our operations, which has resulted in a performance that is closely aligned with expectations. We will continue to cooperate closely with our customers and partners to promote social, economic and sustainable development, and affirm our commitment to achieving more value for communities and customers in the face of difficult circumstances. "

 

You can download the 2020 Annual Report through the website: https://www.huawei.com/en/annual-report/2020

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About "Huawei"

Huawei is a leading global provider of smart information and communication technology infrastructure and devices. The company is committed to continuous work to deliver digitalization to individuals, homes and companies to build a fully interconnected smart world, by offering integrated solutions within four main areas of communication networks, information technology, smart devices, and cloud computing services.

 

Huawei's comprehensive and integrated portfolio of products, solutions and services features competitive and secure advantages. Through its wide-ranging open cooperation with its partners in the comprehensive ecosystem, Huawei provides its customers with long-term value-added services, empowering individuals, enriching everyday life in every home, and encouraging innovation in companies of all shapes and sizes.

 

Huawei believes that innovation is based on understanding customer requirements, and this is what encourages it to make huge investments in basic research that would achieve real results that contribute to pushing innovation and leading the world’s development for the better. Founded in 1987 as a private company wholly owned by its employees, Huawei operates today in more than 170 countries and regions in the world with nearly 194,000 employees.

 

For more information, please visit the Huawei website: www.huawei.com

 

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