-
Zimbabwe sugar workers demand 100-percent increment - April 22, 2019
-
Zimbabwe land seizures: Farmers approach Supreme Court - January 15, 2021
-
Lesotho, Zimbabwe adopt telcoms oversight technology - January 15, 2021
-
Malema slams ‘mad’ SA decision to close borders - January 14, 2021
-
Boko Haram, militia threaten CHAN tournament - January 14, 2021
-
Underhand tactics suspected in race for CAF presidency - January 14, 2021
-
Poorest countries could miss out on COVID-19 vaccine - January 12, 2021
-
German automotive industry intensifies links to Africa - January 12, 2021
-
Arrests of opponents mar Uganda poll preparations - January 12, 2021
-
South Africa shuts borders to tighten lockdown - January 11, 2021
-
ANC rejects claims Ramaphosa finances Zimbabwe regime change - January 11, 2021
Huawei global revenues up in ‘extraordinary’ 2019
from SAVIOUS KWINIKA in Johannesburg, South Africa
JOHANNESBURG, (CAJ News) – HUAWEI has reported a 19,1 percent increase in global sales revenue to CNY858,8 billion (US$120,98 billion) in 2019.
Its net profit reached CNY62,7 billion and cash flow from operating activities topped CNY91,4 billion, up 22,4 percent year-on-year.
Among other highlights, Huawei invested 15,3 percent of its 2019 revenue – or CNY131,7 billion – back into research and development (R&D).
Its total R&D spend over the past decade now exceeds CNY600 billion.
Eric Xu, Huawei’s Rotating Chairman described 2019 as an “extraordinary” year for the Chinese company.
“Despite enormous outside pressure, our team forged ahead with a singular focus on creating value for our customers,” he said.
This is in apparent fallout with the United States of America (USA) over some allegations dismissed as trumped up.
“We worked hard to earn their (customers’) respect and trust, as well as that of our partners around the globe. Business remains solid,” Xu said.
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.
In 2019, sales revenue from Huawei’s carrier business reached CNY296,7 billion, up 3,8 percent year-on-year.
Sales revenue from Huawei’s consumer business reached CNY467,3 billion, up 34 percent year-on-year. A total of 240 million smartphones shipped throughout the year
Revenue from enterprise business reached CNY89,7 billion, up 8,6 percent yearly.
Xu said the “external environment” would get more complicated going forward, hence the need to keep enhancing the competitiveness Huawei products and services, promoting open innovation and creating greater value for 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.”
– CAJ News