The 2020 financial report released by Chinese Original Equipment Manufacturer has shown a 3.8 percent increase in sales revenue, representing CNY891.4 billion from the previous year 2019.
Though the report produced by KPMG indicates slow growth, owing to operational difficulties brought about by US sanctions in 2019 and 2020, the company also reported that its net profit reached CNY64.6 billion, up 3.2% year-on-year.
“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. 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 like coal mining, steel production, ports, and manufacturing,” the report noted.
Meanwhile, Huawei has disclosed that the document produced by KPMG is a standard unmodified audit opinion, stressing that no matter the circumstances, the company will continue to embrace transparency by disclosing operational data to governments, customers, suppliers, employees and partners.
Commenting on the report, Huawei’s Rotating Chairman, Ken Hu said over the past year, Huawei’s enterprise business stepped up efforts to develop innovative scenario-based solutions for different industries and create a digital ecosystem that thrives on joint creation and shared success.
He said during the pandemic, Huawei provided technical expertise and solutions that were vital in the fight against the virus. One example is an 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.
“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,” he stated.
Ken Hu added that, 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 & health, smart home, easy travel, and entertainment.