After the highest market of 2019, Huawei has released its Annual Report, listing a solid business performance. The company’s global sales profits in 2019 rounded off at $123 billion up to 19.1 percent year-on-year while its net profit reached $9 billion. The cash flow from operating activities topped $13.1 billion, up 22.4 percent year-on-year. Huawei has re-invested 15.3 percent of its 2019 revenue – or approximately $18.8 billion – back into R&D. Its total R&D spend over the past decade now exceeds $85.9 billion. Eric Xu, Huawei’s Rotating Chairman. Spoke out as “2019 was an extraordinary year for Huawei. Regardless of 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. Business remains solid”.
