Huawei Released Its Annual Business Performance Report For Year 2020 - GADGET-INNOVATIONS

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Huawei Released Its Annual Business Performance Report For Year 2020

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Huawei reaffirms commitment to creating greater value for customers and society in the face of adversity

 

 

 

Huawei released its 2020 Annual Report today. Growth slowed, but the company's business performance was largely in line with forecast. Huawei's sales revenue in 2020 rounded off at approximately US$136.7 billion, up 3.8% year-on-year, and its net profit reached US$9.9 billion, up 3.2% year-on-year.

 

 

Despite operational difficulties brought about by US sanctions in 2019 and 2020, Huawei has and will continue to invite KPMG to independently and objectively audit our financial statements. The document produced by KPMG is a standard unqualified audit opinion. No matter the circumstances, we will continue to embrace transparency by disclosing operational data to governments, customers, suppliers, employees, and partners.

 

 

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.

 

 

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. 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.



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.



All financial statements in the 2020 Annual Report were independently audited by KPMG, an international Big Four accounting firm. To download the 2020 Annual Report, visit https://www.huawei.com/en/annual-report/2020


 

Shenzhen, China, March 31, 2021

 

 

 

 

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