Subscribe to Updates

    Get the latest scintillating tech news from TechWafer about gadgets and entrancing business news.

    What's Hot

    The First PCIe Gen 5.0 NVMe SSD on Sale in Japan for $385

    January 29, 2023

    AMD Ryzen 7 5800X vs Intel Core i7-13700K: A Comparison

    January 28, 2023

    Samsung Galaxy S23: First Phone with Gorilla Glass Victus 2?

    January 27, 2023
    TechWaferTechWafer
    • Technology
    • Mobile
    • How to
    • Hardware
    • Business
    • Gaming
    • Prices
    • EV Finder
    TechWaferTechWafer
    Mobile

    Huawei releases its 2019 Annual Report

    Press ReleaseBy Press ReleaseApril 1, 2020Updated:April 1, 20203 Mins Read

    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.

    Huawei releases its 2019 Annual Report

    “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. The 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.

    ADVERTISEMENT

    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.”

    ADVERTISEMENT

    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.

    ADVERTISEMENT
    Share. Facebook Twitter WhatsApp Pinterest Reddit LinkedIn
    Previous Article5 Best Laptops for Cyber Security Experts and Students
    Next Article 5 Best Laptops for Hackintosh in 2020 Under 1500 USD
    Huawei releases its 2019 Annual ReportImage Name
    Press Release

      Press Release account of TechWafer, PRs are published through this account

      Related Posts

      AMD Ryzen 7 5800X vs Intel Core i7-13700K: A Comparison

      Updated:January 28, 2023

      Samsung Galaxy S23: First Phone with Gorilla Glass Victus 2?

      Updated:January 27, 2023
      Add A Comment

      Leave A Reply Cancel Reply

      ADVERTISEMENT
      Editors Picks

      The First PCIe Gen 5.0 NVMe SSD on Sale in Japan for $385

      January 29, 2023

      AMD Ryzen 7 5800X vs Intel Core i7-13700K: A Comparison

      January 28, 2023

      Intel i5-12600K vs i5-12400F: Which CPU is Right for Your Build?

      January 21, 2023
      Folow TechWafer on Google News
      Latest Devices
      Latest Updates

      The First PCIe Gen 5.0 NVMe SSD on Sale in Japan for $385

      January 29, 2023

      AMD Ryzen 7 5800X vs Intel Core i7-13700K: A Comparison

      January 28, 2023

      Samsung Galaxy S23: First Phone with Gorilla Glass Victus 2?

      January 27, 2023
      About Us
      About Us

      TechWafer.com is one of growing technology blog reviewing internet products and covering latest technology news. Do you love technology as much we do?

      Facebook Twitter Instagram Pinterest YouTube
      Our Picks

      The First PCIe Gen 5.0 NVMe SSD on Sale in Japan for $385

      January 29, 2023

      AMD Ryzen 7 5800X vs Intel Core i7-13700K: A Comparison

      January 28, 2023

      Samsung Galaxy S23: First Phone with Gorilla Glass Victus 2?

      January 27, 2023
      Sections
      • Featured
      • Technology
      • Mobile Price
      • EV Finder
      • Gaming
      • How to
      • Entertainment
      • Software
      • Hardware
      COMPANY
      • About Us
      • Advertise
      • Team
      • Contact Us
      • Cookies Policy
      • Privacy Policy
      • DMCA Policy
      © 2023 TechWafer

      Type above and press Enter to search. Press Esc to cancel.

      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
      Do not sell my personal information.
      Cookie SettingsAccept
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
      Non-necessary
      Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
      SAVE & ACCEPT