Huawei releases its 2019 Annual Report
Huawei released its 2019 Annual
Report today, detailing a solid business performance. The company's global
sales revenue in 2019 rounded off at USD$123 billion, up 19.1% year-on-year;
its net profit reached USD$9 billion; and its cash flow from operating activities
topped USD$13.1 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 approximately USD$18.8 billion – back into R&D. Its
total R&D spend over the past decade now exceeds USD$85.9 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 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 50 countries and regions,
bringing mobile Internet to more than 40 million people living in remote areas.
In 2019, sales revenue from Huawei's carrier business reached USD$42.5 billion,
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 700 cities and 228 Fortune Global 500 companies have chosen Huawei as
their digital transformation partner. In 2019, Huawei announced its computing
strategy with the aim of cultivating fertile soil for the intelligent world to
flourish. As part of this strategy, the company launched the world's fastest AI
processor, the Ascend 910, and the AI training cluster Atlas 900. In 2019,
sales revenue from Huawei's enterprise business reached USD$12.8 billion, up
8.6% year-on-year.
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. In 2019, sales revenue from
Huawei's consumer business reached USD$66.9 billion, up 34% year-on-year.
"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."
All financial statements in the
2019 Annual Report were independently audited by KPMG, an international Big
Four accounting firm. To download the 2019 Annual Report, visit www.huawei.com/en/press-events/annual-report/2019.
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