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Huawei turnover and net profit up in 2020

Company reaffirms commitment to creating greater value for customers and society

Brussels, 31 March 2021

Huawei published its 2020 Annual Report today, with the company’s business performance largely in line with that forecast.

Sales revenue was up 3.8 per cent on the year before, reaching CNY 891 billion, while net profit rose by 3.2% year on year to CNY 64.6 billion.

Huawei's carrier business continued to ensure the stable operations of more than 1,500 networks in over 170 countries and regions in 2020, helping support telework, online learning and online shopping throughout the COVID-19 lockdowns.

The company also drove over 3 000 5G innovation projects in 20-plus industries, such as coal mining, steel production, ports and manufacturing.

"Over the past year, we've held strong in the face of adversity," commented Ken Hu, Huawei's Rotating Chairman. "We've kept innovating to create value for our customers, to help fight the pandemic and support both economic recovery and social progress around the world.”

"We will continue to work closely with our customers and partners to support social progress, economic growth, and sustainable development,” Mr Hu added.

All financial statements in the 2020 Annual Report were independently audited by KPMG.

Read more on our 2020 Annual Report mini-site, from which you can download the full report.

PRESS CONTACTS

Philip Herd

+32 491 165 509

Philipherd@huawei.com

 

Jakub Hera­ Adamowicz

+32 499 641 839

jakub.hera.adamowicz@huawei.com

About Huawei:

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – Huawei is committed to bringing digital to every person, home and organisation for a fully connected, intelligent world.

Huawei's end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, Huawei creates lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation focuses on customer needs. Huawei invests heavily in basic research, concentrating on technological breakthroughs that drive the world forward. Huawei has more than 194 000 employees and operates in over 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.

In Europe, Huawei currently employs over 14 000 staff and runs two regional offices and 24 R&D sites. So far, Huawei has established 230 technical cooperation projects and has partnered with over 150 universities across Europe.

For more information, please visit Huawei online at Huawei.eu or follow us on Twitter: https://www.twitter.com/HuaweiEU