Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Company

Huawei posts steady growth in 2020

April 01, 2021


Abstract : Chinese hi-tech giant Huawei saw steady growth in 2020, with its global sales revenue posting a year-on-year rise of 3.8 percent to 891.4 billion yuan (about 136.1 billion U.S. dollars), according to its 2020 financial report released Wednesday.

SHENZHEN, March 31 (Xinhua) -- Chinese hi-tech giant Huawei saw steady growth in 2020, with its global sales revenue posting a year-on-year rise of 3.8 percent to 891.4 billion yuan (about 136.1 billion U.S. dollars), according to its 2020 financial report released Wednesday.

The report shows the company's net profit edging up 3.2 percent year on year to 64.6 billion yuan last year.

Huawei's enterprise business expanded by 23 percent over the previous year in 2020 to 100.3 billion yuan, and its revenue from the carrier business remained stable at 302.6 billion yuan, while the consumer business grew by 3.3 percent year-on-year to 482.9 billion yuan.

All three business areas continued to prop up the solid development of Huawei in 2020.

In the future, the company will stick to its two major business directions -- enabling social digital transformation and creating intelligent living in all scenarios, according to Ken Hu, Huawei's rotating chairman.

"Over the past year, we've held strong in the face of adversity," said Hu.

The company will continue to innovate to create value for its customers, help fight the pandemic and support both economic recovery and social progress around the world, Hu added. Enditem

Scan the QR code and push it to your mobile phone

Keyword: 5G Huawei

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial