Huawei global sales revenue to reach CNY 238-240b

Chief Finance Officer (CFO) of Huawei, Cathy Meng has announced the company’s operating performance in 2013.  The CFO said, Huawei’s operating profit for 2013 is expected to be in the range CNY28.6 billion to CNY29.4 billion.

Huawei global sales revenue will reach CNY238-240 billion in 2013, up to11.6 percent in USD year-on-year. The annual R&D investment will be about CNY 33 billion, says a press release.

huawei-logoHuawei’s global sales revenue will reach between CNY 238 billion to CNY 240 billion in 2013. Chief Financial Officer Cathy Meng announced that Huawei’s operating profit for 2013 is expected to be in the range CNY28.6 billion to CNY29.4 billion. Cash flow from operating activities and the company’s asset to liability ratio remained stable. In 2013, Huawei restructured a number of processes to simplifying its management structure and ensure improvements in operating efficiency.

Huawei’s achieved new business growth across its carrier network, enterprise and consumer business groups. More than 75 percent of the carrier network business group’s revenue in 2013 came from the world’s top 50 telecom carriers, while the proportion of revenue from services and software in the carrier business increased to 37 percent in 2013 from 34 percent in 2012. Huawei also generated rapid growth in its consumer and enterprise business groups.

Ms Meng said, “Every year for over the past 10 years, Huawei has invested more than 10 percent of sales revenue in innovation. In 2013 alone, the company’s investment in R&D reached CNY33 billion, accounting for about 14 percent of our sales revenue.” This means Huawei’s annual investment in R&D exceeded 5.4 billion USD for the first time.

From 2004 to 2013, Huawei invested a total of CNY153.9 billion in R&D and innovation. As a global leader in LTE technology, Huawei has been the recipient of multiple prestigious industry awards, including recognition for most innovative network and best commercial network globally. Huawei is also a pioneer in 5G technologies and the company is committed to investing USD 600 million by 2018 in support of research and innovation into 5G mobile network technologies. Huawei’s 400G core router technology is one of the most technologically-advanced in the industry worldwide.

“No matter where we are, from Mount Everest to the Norwegian LTE base station in the northernmost part of the globe, or the dense and stifling Amazon rainforest, customer-centricity and a solid reputation for delivering on our commitments and contracts are basic principles that our 150,000 dedicated employees in more than 140 countries around the world adhere to. This spirit of dedication has won us the trust of our customers,” said Ms. Meng.