Huawei revenue up 19.1%YoY to US $ 123bn in 2019 | Daily News


Huawei revenue up 19.1%YoY to US $ 123bn in 2019

Huawei company’s global sales revenue in 2019rounded off at US $ 123billion (CNY 858.8billion), up 19.1%year-on-year; its net profit reached US$ 9billion (CNY 62.7billion); and its cash flow from operating activities topped US$13.1billion (CNY 91.4billion), 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 2019revenue – or US$ 18.8billion (CNY 131.7billion) – back into R&D. Its total R&D spend over the past decade now exceeds US$ 85.9billion (CNY 600billion)

“2019was 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 new innovation in 5G applications, the company established 5G joint innovation centers together with carriers worldwide. Huawei’s RuralStar base station solutions can effectively address coverage problems in remote areas.

 These solutions are being used in over 50countries and regions, bringing mobile Internet to more than 40million people living in remote areas. In 2019, sales revenue from Huawei’s carrier business reached US$ 42.5billion (CNY 296.7billion), up 3.8%year-on-year.

Huawei’s enterprise business continues to support the digital transformation of customers across industries as the company helps lay the foundations for the digital world. Globally, more than 700cities and 228Fortune Global 500companies have chosen Huawei as their digital transformation partner.

Huawei’s consumer business continues to see robust growth, with a total of 240 million smartphones shipped throughout the year. The company reports further progress in developing the Seamless AI Life ecosystem across all scenarios and devices, including personal computers, tablets, wearables, and smart screens. “The external environment will only get more complicated going forward,” Xu cautioned.  “We need to keep enhancing the competitiveness of our products and services, promoting open innovation, and creating greater value for our customers and society at large. This is the only way we can seize the historic opportunities presented by the digital and intelligent transformation of industries, and maintain robust growth in the long run.”

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