Huawei Grows Profit Globally in 2013

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HUAWEI

Huawei, a leading global information and communications technology (ICT) solutions provider, Tuesday, announced a 34% growth in its profit for the 2013 financial year.

The company, in its financial statement for the 2013 financial year released to the investing community, experienced growth across all its business areas in 2013, achieving steady growth and sales revenues of CNY239 billion (USD39.5 Billion), up 8.5% year-on-year (11.6% YOY growth in USD), and net profit of CNY21 billion (USD 3.5Billion).

The company, however, noted that Europe, Middle East and Africa (EMEA) region took up 36 per cent of the revenue.

Briefing news men about the company’s strategy and 2013 performance during Huawei Annual Report Launch on Monday, Huawei Rotating and Acting CEO Eric Xu disclosed that the company’s financial performance was strong across all business areas in 2013, achieving steady growth and sales revenues of CNY239 billion, up 8.5% year-on-year (11.6% YOY growth in USD), and net profit of CNY21 billion.

“Thanks to the favorable global macroeconomic and industry environment, as well as the effective execution of our company strategy, Huawei basically achieved our business targets for 2013,” said Eric Xu, Huawei’s Rotating and Acting CEO.

According to him, “Huawei has never been more closely connected to the world than it is now. This level of connectivity has two implications. First, ICT technologies have been deployed in more than 170 countries and regions, helping more than 3 billion people connect to the world, communicate anytime, anywhere, and easily acquire and share information. Second, this connected world is reshaping politics, economics, business, and production at an incredible speed and with formidable force.

“In the past year, to adapt to the future development trend, Huawei published the SoftCOM network architecture in order to develop ICT-convergent products and solutions. The future will hold a better connected world, where everyone can share everything.

“We will continue to pursue dreams, spark innovation, and drive the evolution of technologies, industries, and human interaction to create a better connected world.”

“Our significant global presence has helped us achieve stable and continuous growth in the carrier network, enterprise, and consumer businesses in 2013,

“Huawei’s carrier network business delivered a solid performance, achieving CNY166.5 billion in sales revenue, up 4.0% year-on-year.

“The sales revenues of the enterprise and consumer businesses increased tremendously in 2013, by 32.4% and 17.8% to CNY15.2 billion and CNY57.0 billion, respectively. Huawei earned 65% of its revenue from markets outside of China in 2013, and in the Chinese market, Huawei achieved CNY84 billion in sales revenues, up 14.2% year-on-year.

Continuous innovation, he said was essential to effective growth, adding that in 2013, Huawei invested CNY30.7 billion (~5.06 USD billion) into R&D which is about 12.8% of its sales revenue. And, Huawei’s total R&D investment over the last 10 years exceeded CNY151 billion. Huawei innovates based on customer needs and will increase its investment in basic scientific and engineering technologies as necessary to maintain its leadership position in core ICT technologies.

With optimism, in 2014, he said that Huawei sees the growing penetration of ultra-broadband and mobile broadband, particularly LTE, as an important strategic opportunity.

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