Huawei today released its 2019 annual report, showing a solid business performance and robust year to year growth.
Huawei’s global sales revenue in 2019 rounded off at CNY858.8 billion, up 19.1% year-on-year; its net profit reached CNY62.7 billion; and its cash flow from operating activities topped CNY91.4 billion, up 22.4% year-on-year.
Huawei invested 15.3% of its 2019 revenue – or CNY131.7 billion – back into R&D. Its total R&D spend over the past decade now exceeds CNY600 billion.
“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.”
Huawei’s carrier business has also expanded further in 2019 and is used in over 50 countries and regions. In 2019, sales revenue from Huawei’s carrier business reached CNY296.7 billion, up 3.8% year-on-year.
Huawei’s enterprise business continues to grow in terms of digital transformation. Globally, more than 700 cities and 228 Fortune Global 500 companies have chosen Huawei.
Under its enterprise solutions, the company offers 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 CNY89.7 billion, up 8.6% year-on-year.
Finally, the consumer business has seen 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 CNY467.3 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.”