Huawei Releases Its 2019 Annual Report

[Auckland, New Zealand, March 31, 2020] Huawei released its 2019 Annual Report today, detailing a solid business performance. The company's global sales revenue in 2019 rounded off at CNY858.8 billion, up 19.1% year-on-year; its net profit reached CNY62.7 billion; and its cash flow from operating activities topped CNY91.4 billion, up 22.4% year-on-year. As part of a long-term, ongoing investment in technological innovation and research, Huawei invested 15.3% of its 2019 revenue – or CNY131.7 billion – back into R&D. Its total R&D spend over the past decade now exceeds CNY600 billion.

This year’s strong annual results speaks to the global footprint of Huawei. However right now, we’re seeing first-hand the importance of stable, high-speed communications networks and digital technologies to keep large parts of the world and New Zealand running, and this will only grow more important. 

“Our factories in China have already resumed full production, following the COVID-19 pandemic. We are now focused on how we can help our partners around the world weather this storm. COVID-19 has changed the way New Zealanders live, including the ways we work and learn. Communications networks and digital technologies are vital to meeting the challenges we currently face. While ensuring the safety of our New Zealand-based team, we will spare no effort in responding to the challenge of maintaining and strengthening our customers' communications networks.”

All financial statements in the 2019 Annual Report were independently audited by KPMG, an international Big Four accounting firm. To download the 2019 Annual Report, visit www.huawei.com/en/press-events/annual-report/2019