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Monday, 21 June 2021

Huawei’s sales revenue grows by 3.8% amid coronavirus

Huawei has provided technical expertise and solutions to help combat the spread of the virus, the report stated

Doaa A.Moneim , Wednesday 31 Mar 2021
Huawei
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The sales revenue of Huawei grew in 2020 to reach $136.7 billion, up by 3.8 percent year-on-year, according to the company's annual report released on Wednesday. 

The ICT global provider's net profit rose by 3.2 percent year-on-year to $9.9 billion in the same period despite a slowdown in the company’s growth owing to the coronavirus. 

The report noted that despite operational difficulties brought about by US sanctions in 2019 and 2020, the company will continue to invite KPMG, the well-known audition company, to independently and objectively audit its financial statements.

In 2020, Huawei's carrier business continued to ensure the stable operations of more than 1,500 networks across more than 170 countries and regions, which helped support telework, online learning, and online shopping throughout COVID-19 lockdowns, stated the report.

Moreover, working together with carriers around the world, the company helped provide a superior connected experience and moved forward with more than 3,000 5G innovation projects in over 20 industries, including coal mining, steel production, ports, and manufacturing, according to the report.

During the pandemic, Huawei has provided technical expertise and solutions to help combat the spread of the virus.

“One example is the artificial intelligence (AI)-assisted diagnostic solution based on HUAWEI CLOUD that helped hospitals the world over reduce the burden on their medical infrastructure. Huawei also worked with partners to launch cloud-based online learning platforms for more than 50 million primary and secondary school students,” the report said.

With the rollout of HarmonyOS and the Huawei Mobile Services (HMS) ecosystem, Huawei's consumer business moved forward with its Seamless AI Life strategy ("1 + 8 + N") to provide consumers with an intelligent experience across all devices and scenarios, focusing on smart office, fitness and health, smart home, easy travel, and entertainment, according to the report.

"Over the past year we've held strong in the face of adversity. We've kept innovating to create value for our customers, to help fight the pandemic, and to support both economic recovery and social progress around the world. We also took this opportunity to further enhance our operations, leading to a performance that was largely in line with forecast,” said Ken Hu, Huawei's rotating chairman. 

 
 
 
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