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Business · Markets
Huawei posts steady growth in 2020
2021/04/01 05:03:15

Apr 01, 2021 (China Knowledge) - In its 2020 financial report, China’s hi-tech giant Huawei saw steady growth last year, with a 3.8% growth YoY in its global sales revenue to RMB 891.4 bln. The report also shows the company's net profit rose 3.2% YoY to RMB 64.6 bln.

Huawei's enterprise business expanded by 23% in 2020 to RMB 100.3 bln, its carrier business’ revenue remained stable at RMB 302.6 bln, while the consumer business grew by 3.3% YoY to RMB 482.9 bln.

Ken Hu, Huawei's rotating chairman said that in the future the company will stick to its two major business directions: enabling social digital transformation and creating intelligent living in all scenarios.

Hu also added that Huawei will continue to innovate to create value for its customers and support both economic recovery and social progress around the world.

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