Huawei closes fiscal year 2021 with record profit
Shenzhen, China (ots) – Despite being more difficult, Huawei was able to
general conditions, the company profit increased by almost 76% in the 2021 financial year
Increase CNY 113.7 billion (USD 17.8 billion). The today on
Company headquarters in Shenzhen, southern China
according to the company generated sales of CNY last year
636.8 billion (US$99.9 billion).
Investments in research and development (R&D) amounted to CNY 142.7
billion (USD 22.4 billion) and reached 22.4% of the
Total sales also a new record level. Total investment in R&D
have grown to over CNY 845 billion (USD 132.5
billion) increased. Increasing investment in research and
Innovation also remains a key feature of the future
corporate strategy.
Guo Ping, Huawei’s rotating board chairman, stressed at the
Press conference that “the overall result is in line with expectations and planning
is equivalent to. Business in the carrier business was stable, as was the enterprise business
was able to continue its continuous growth and the consumer business
was able to quickly expand into new areas. In addition, we could
Accelerate development of our ecosystems.”
Sabrina Meng, Chief Financial Officer at Huawei, explained the business figures: “We
were able to make a profit in 2021 despite a drop in sales
continue to increase cash flow and have thus proved that the
Dealing with imponderables is becoming increasingly successful.”
Thanks to the increased profitability of its main businesses, the
Company’s cash flow from operations in 2021
up sharply to CNY 59.7 billion (USD 9.4 billion). The relationship
of financial liabilities to equity has decreased to 57.8%, so
that the entire financial structure has become more resilient and flexible.
In 2021, Huawei carrier business revenue is CNY 281.5
billion (USD 44.2 billion) and world leading
Supported telecommunications network operators in expanding the 5G networks. Of
Tests conducted by independent bodies have shown that Huawei
for customers in thirteen countries (including Switzerland, Germany, Finland, the
Netherlands, South Korea and Saudi Arabia) equipped 5G networks the best
Achieve quality for end users. In cooperation with network operators and
Huawei has over 3,000 commercial contracts for industrial partners
complete 5G applications. These 5G applications are already coming in large numbers
in areas such as industrial manufacturing, mining, iron and steel
steel mills, ports and hospitals.
The increasing digitization of vertical industries has in the enterprise business
by Huawei led to strong growth and sales of CNY 102.4
billion (USD 16.1 billion) generated in 2021. in the last year
Huawei offers eleven solutions based on different scenarios
Key areas such as government, transportation, finance, energy and manufacturing
implemented. The company also has different areas
specialized teams set up, including for mining, intelligent
Road transport and ports to pool the available resources and
to be able to respond better to the needs of the respective customers.
Over 700 cities and 267 Fortune Global 500 companies have already signed up for fr
chose Huawei as a partner for the digital transformation. It works
Huawei now has more than 6,000 service and operator partners worldwide
together.
Huawei’s consumer business focuses on the needs and desires of consumers
Consumer oriented and the global ecosystem for a
intelligent, fully connected era as part of the ‘Seamless AI Life’ strategy
of the company further expanded – for users all over the world. This
Division achieved sales of CNY 243.4 billion (USD 38.2
billion) in 2021 with steadily growing sales of smart wearables,
smart screens, wireless stereo headphones (TWS) and Huawei Mobile
Services (HMS).
In particular, the areas of smart wearables and smart screens grew
by more than 30% compared to the previous year. HarmonyOS came in over 220 million
Devices from Huawei are used, making it the fastest in the world
growing operating system for mobile devices.
In the past year, Huawei has also focused on expanding its openEuler,
MindSpore and HarmonyOS ecosystems based on open collaboration
and a joint growth strategy. Currently use
Over eight million developers Huawei’s open platforms, Huaweis
Open source software and Huawei’s development tools for exploring new
Business scenarios and models.
Guo Ping emphasized that “Huawei will also be a driver of digitization in the future,
intelligent transformation and climate protection will remain. We focus on
Talents, scientific research and innovative spirit and become ours
Investment strategy based on the three pillars of basic research, architectures and
Align software and thus secure our long-term competitiveness.”
All annual results published in the 2021 Annual Report were
KPMG, one of the four leading international
Accounting firms, independently audited. The annual report is
available on the Huawei website in English:
https://www.huawei.com/en/annual-report/2021.
Year-on-year percentage changes are calculated in CNY.
Amounts were calculated using the December 31, 2021 closing rate of $1.00 =
6.3753 CNY converted to USD. The numbers were on the next 0.1 billion
Rounded CNY/US Dollar.
about Huawei
Huawei Technologies is one of the world’s leading providers of
Information technology and telecommunications solutions. More than a third of the
World population and more than half of the German population uses directly
or indirectly technology from Huawei. The company headquartered in Shenzhen
has 197,000 employees worldwide and is with its three
Business areas Carrier Network, Enterprise Business and Consumer Business in
170 countries. Huawei employs over 105,000 people in the field
research and development and operates 16 research and development facilities worldwide
Development cluster and 28 innovation centers together with partners. In
Germany, Huawei has been active since 2001 and employs over 2,500
Employees at 18 locations. The largest is in Munich
European research center of Huawei.
Press contact:
Patrick Berger
Head of Media Affairs
Email: mailto:[email protected]
Further material: http://presseportal.de/pm/108888/5181987
OTS: Huawei Technologies Germany GmbH