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”.
Menu
