Huawei releases its 2019 Annual Report Huawei announces solid business performance and commitment to creating greater value for
Huawei released its 2019 Annual Report today, detailing a solid business performance. The company's global sales revenue in 2019 rounded off at CNY858.8 billion, up 19.1% year-on-year; its net profit reached CNY62.7 billion; and its cash flow from operating activities topped CNY91.4 billion, up 22.4% year-on-year. As part of a long-term, ongoing investment in technological innovation and research, Huawei invested 15.3% of its 2019 revenue – or CNY131.7 billion – back into R&D. Its total R&D spend over the past decade now exceeds CNY600 billion. "2019 was an extraordinary year for Huawei," said Eric Xu, Huawei's Rotating Chairman. "Despite enormous outside pressure, our team forged ahead with a singular focus on creating value for our customers. We worked hard to earn their respect and trust, as well as that of our partners around the globe. Business remains solid." In 2019, Huawei's carrier business led the commercial rollout of 5G networks. To further commercial adoption and promote
READ MORE...