“The external environment will only get more complicated going forward,” Eric Xu, Huawei’s Rotating Chairman has 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.”
Huawei invested 15.3% of its 2019 revenue – or CNY131.7 billion – back into R&D. 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.
In 2019, Huawei’s carrier business led the commercial rollout of 5G networks, with solutions being 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. Globally, more than 700 cities and 228 Fortune Global 500 companies have chosen Huawei as their digital transformation partner. In 2019, Huawei announced its computing strategy with the aim of cultivating fertile soil for the intelligent world to flourish. As part of this strategy, the company launched the world’s fastest AI processor, the Ascend 910, and the AI training cluster Atlas 900. 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.
All financial statements in the 2019 Annual Report were independently audited by KPMG.