Kathmandu, April 2
Huawei released its 2018 Annual Report on March 29. According to the report, the company maintained strong business growth in 2018 as it saw a 19 per cent growth in sales revenue and 25 per cent growth in net profit.
Its sales revenue rounded off at CNY 721.2 billion, whereas its net profit reached CNY 59.3 billion.
At the release of its annual report, Guo Ping, Huawei’s Rotating Chairman, said, “Huawei will continue to strictly comply with all relevant standards to build secure, trustworthy, and high-quality products. As we work towards this goal, we have been explicitly clear: Cybersecurity and user privacy protection are at the absolute top of our agenda. We are confident that the companies that choose to work with Huawei will be the most competitive in the 5G era. And countries that choose to work with Huawei will gain an advantage for the next wave of growth in the digital economy.”
In 2018 Huawei further increased its share of the global smartphone market and has further enhanced the positioning of its high-end devices. It has also made major breakthroughs in building an intelligent ecosystem for all user scenarios. In 2018, the sales revenue of Huawei’s consumer business increased by 45 per cent reaching CNY 348.9 billion.
Huawei’s annual report can be downloaded here.
