After a huge jump in sales … Has Huawei overtaken Trump’s sanctions?

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Source: Cairo – Khaled Hosni

In what appears to be a sign of overcoming the US sanctions set by President Donald Trump, Huawei announced that its sales worldwide increased by 123 billion dollars during the year 2019, an increase of 19.1% annually. The company’s net profit was $ 9 billion, and the cash flow from operating activities exceeded $ 13.1 billion, with an annual increase of 22.4%.

According to a report on the company’s business results, “Huawei” has invested about 15.3% of its revenues in 2019 in the field of research and development, equivalent to approximately $ 18.8 billion, in the context of continuing to provide technical innovations by following up its focus on the investment approach in the field of research And long-term development. Its total R&D spending over the past decade has exceeded 85.9 billion dollars.

Eric Shaw, rotating Chairman of the Board, said that 2019 was an exceptional year for the company, despite the continued huge external pressures, we were able to achieve great progress by focusing on enhancing the value of the services we provide to our customers. We worked hard to gain the trust and respect of customers and partners all over the world, which contributed to maintaining the quality of our business. ”

He continued: “Our world is getting more and more complex by the day, which confirms the importance of continuing to enhance the competitiveness of our products and services, encouraging innovation and enhancing the value of services that we provide to our customers and the whole society, in line with the requirements of the smart digital world. This is the only way we can seize the historical opportunities offered by Digital and smart transformation in various industries and sectors, and to maintain stable growth in the long term.

The report stated that in 2019 Huawei Consumer Business Group achieved significant growth, with 240 million smart devices shipped over the course of 2019.

The company reports that it has made further progress in the development of the ecosystem of Huawei’s AI strategy to include all scenarios and devices, including personal computers, tablets, wearable devices and smart screens. Sales of Huawei Consumer business group for consumer devices reached $ 66.9 billion, an annual increase of 34%.

The launch of Huawei Carrier Group for Telecom Networks witnessed commercial 5G networks. Huawei has worked to create joint innovation centers in cooperation with telecommunications companies around the world, in the context of its earnest endeavor to help its customers to commercialize the fifth generation networks commercially, and enhance its innovations to benefit more industries and sectors from it.

Huawei has also provided efficient and functional “ROAL STAR” main station solutions to address network coverage problems in remote areas, as these solutions are currently used in more than 50 countries and regions around the world to deliver wireless Internet to more than 40 million people living in remote areas. Huawei Carrier Group sales of telecommunications networks reached $ 42.5 billion in 2019, an annual increase of 3.8%.

Huawei Enterprise Business Group continued to promote projects of digital transformation of customers in all sectors, solidifying its contributions to laying the foundations of the digital world. Over 700 cities and 228 companies listed on the Fortune Global 500 list have chosen Huawei as their partner in digital transformation projects.

Sales revenue of the Huawei Enterprise business group to the enterprise and enterprise sector was $ 12.8 billion, an annual increase of 8.6%.



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