Huawei executives today released the 2020 annual report. Previously, Ren Zhengfei said that Huawei’s sales revenue and profit have achieved positive growth in 2020. Data shows that Huawei’s revenue in 2019 is 858.8 billion yuan, and its global sales in 2020 will be 891.4 billion yuan, an increase of 3.8%. In 2020, the Asia-Pacific region’s revenue outside of China fell 8.7% to RMB 64.4 billion. In 2020, revenue in Europe, the Middle East, and Africa fell 12.2% to RMB 180.8 billion.
Huawei’s net profit in 2020 was 64.6 billion yuan, compared with 62.7 billion yuan in the same period last year, a year-on-year increase of 3.2%. Huawei said that by 2020, it has invested 141.9 billion yuan in R&D. The cash flow from operating activities in 2020 was 35.2 billion yuan, a decrease of 61.5%.
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Hu Houkun, Huawei’s rotating chairman, said: “This year, we have not been afraid of hardships and will continue to create value for customers with innovative ICT technology, help global science and technology fight the epidemic, economic development, and social progress, improve operating quality, and achieve annual operating results. Basically meet expectations. We will continue to open cooperation with customers and partners to promote the sustainable development of society, economy and environment.”
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