Huawei 2016 Annual Report: Solid Growth and Sustained Investment in the Future

Huawei discharged its evaluated money related outcomes for 2016, announcing that its Carrier, Enterprise, and Consumer business bunches (BGs) each accomplished strong year-on-year development. Bunch yearly income was CNY521.6 billion (US$75.1 billion), an expansion of 32% more than 2015. Net benefits were CNY37.1 billion (US$5.3 billion), an expansion of 0.4%. In 2016, Huawei kept on putting resources into the future, with the organization’s yearly spending on innovative work achieving CNY76.4 billion (US$11 billion).

Eric Xu, Huawei Rotating CEO, commented, “In 2016, Huawei kept up its vital concentration and accomplished strong development. As humankind keeps on investigating and make new leaps forward in the computerized world, digitization and expanding insight display gigantic business open doors for all enterprises, and are additionally clearing the street for new development for the ICT business. We will stay client driven and will bolster advanced change in all ventures, with a specific end goal to make an incentive for our clients and to develop economically.”

In 2016, Huawei’s Carrier BG produced CNY290.6 billion (US$41.8 billion) in income, an expansion of 24% year-on-year. This was accomplished by concentrating on advanced change and utilizing significant open doors in cloud, video, the Internet of Things, and operations change for transporter clients.

Working in close cooperation with its accomplices, Huawei’s Enterprise BG conveyed ICT foundation to bolster the advanced change of key vertical businesses, including fund, vitality, government bodies, and open security. This business produced CNY40.7 billion (US$5.9 billion) in yearly income, an expansion of 47%.

On account of its undeniably creative items and developing worldwide acknowledgment as an excellent gadget brand, Huawei’s Consumer BG dispatched 139 million cell phones amid 2016, and announced CNY179.8 billion (US$25.9 billion) in yearly income, up 44%.

Sabrina Meng, Huawei’s CFO, noted: “Huawei was operationally sound in 2016, with abundant money saves, a strong and practical capital structure, and high flexibility against hazard. In 2017, we will keep on boosting the proficiency and nature of our operations to guarantee strong development.” Member - Author of this Article
Adeela Khan
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