Huawei reaffirms commitment to creating
greater value for customers and society in the face of adversity
Huawei released its 2020
Annual Report today. Growth slowed, but the company's business performance was
largely in line with forecast. Huawei's sales revenue in 2020 rounded off at
approximately US$136.7 billion, up 3.8% year-on-year, and its net profit
reached US$9.9 billion, up 3.2% year-on-year.
Despite operational
difficulties brought about by US sanctions in 2019 and 2020, Huawei has and
will continue to invite KPMG to independently and objectively audit our
financial statements. The document produced by KPMG is a standard unqualified
audit opinion. No matter the circumstances, we will continue to embrace
transparency by disclosing operational data to governments, customers,
suppliers, employees, and partners.
In 2020, Huawei's carrier
business continued to ensure the stable operations of more than 1,500 networks across
more than 170 countries and regions, which helped support telework, online
learning, and online shopping throughout COVID-19 lockdowns. Working together
with carriers around the world, the company helped provide a superior connected
experience and moved forward with more than 3,000 5G innovation projects in
over 20 industries like coal mining, steel production, ports, and
manufacturing.
Over the past year, Huawei's
enterprise business stepped up efforts to develop innovative scenario-based
solutions for different industries and create a digital ecosystem that thrives
on joint creation and shared success. During the pandemic, Huawei provided
technical expertise and solutions that were vital in the fight against the
virus. One example is an AI-assisted diagnostic solution based on HUAWEI CLOUD
that helped hospitals the world over reduce the burden on their medical
infrastructure. Huawei also worked with partners to launch cloud-based online
learning platforms for more than 50 million primary and secondary school
students.
With the rollout of HarmonyOS
and the Huawei Mobile Services (HMS) ecosystem, Huawei's consumer business
moved forward with its Seamless AI Life strategy ("1 + 8 + N") to
provide consumers with an intelligent experience across all devices and
scenarios, focusing on smart office, fitness & health, smart home, easy
travel, and entertainment.
"Over the past year we've held strong in the face
of adversity," said Ken Hu,
Huawei's Rotating Chairman. "We've
kept innovating to create value for our customers, to help fight the pandemic,
and to support both economic recovery and social progress around the world. We
also took this opportunity to further enhance our operations, leading to a
performance that was largely in line with forecast.
"We will continue to work closely with our
customers and partners to support social progress, economic growth, and
sustainable development."
All financial statements in
the 2020 Annual Report were independently audited by KPMG, an international Big
Four accounting firm. To download the 2020 Annual Report, visit https://www.huawei.com/en/annual-report/2020
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