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Huawei is achieving strong growth and investing for the future
Annual revenues increased to US $ 75.1 billion, an increase of 32% over the previous year
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Huawei recently released its audited financial results for 2016, reporting that consumer groups, enterprises and operators all achieved strong year-on-year growth. The group’s annual revenue was 521.6 billion yuan (US $ 75.1 billion), up 32 percent from 2015.
Net profit was 37.1 billion yuan (US $ 5.3 billion), an increase of 0.4 percent. In 2016, Huawei continued to invest in the future with annual R & D spending of 76.4 billion yuan (US $ 11 billion).
“In 2016, Huawei maintained its strategic focus and achieved strong growth, and as humanity continues to explore and deliver new breakthroughs in the digital world, digitization and increased intelligence offer huge business opportunities for all industries, paving the way for growth,” said Eric Zou, CEO of Huawei. New in the ICT industry, we will keep our focus on customers and will support digital transformation in all industries, in order to create value for our customers and sustainable growth. ”
In 2016, Huawei Carrier’s revenue was 290.6 billion yuan (US $ 41.8 billion), an increase of 24% year-on-year. This was achieved by focusing on digital transformation and taking advantage of key opportunities in cloud and video, Internet stuff, For operators’ customers.
With close cooperation with its partners, Huawei Enterprise Group has provided an ICT infrastructure to support the digital transformation of major vertical industries, including finance, energy, government bodies and public safety. This business managed 40.7 billion Chinese yuan (5.9 billion US dollars) , An increase of 47%.
Huawei’s consumer group shipped 139 million smart phones in 2016 with annual revenue of 179.8 billion yuan (US $ 25.9 billion), an increase of 44 percent.
“Huawei was well managed in 2016, with sufficient cash reserves, a strong and sustainable capital structure and high flexibility against risk. In 2017, we will continue to enhance the efficiency and quality of our operations to ensure strong growth,” said Sabrina Meng, Chief Financial Officer of Huawei. “He said.Viewing:-59
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