Huawei has published a financial report for the past year. According to the report, it is clear that all key performance indicators have increased compared to 2018. Thus, worldwide sales revenue amounted to about 858.8 billion yuan, which is 19.1% more than the value recorded in the report for 2018. Huawei’s operating profit for the year grew by 22.4% and exceeded 91.4 billion yuan, while net profit increased by 5.6%, to 62.7 billion yuan.
A significant part of the earned money is directed by the manufacturer to research and development. More specifically, in 2019, R&D allocated 15.3% of revenue, or 131.7 billion yuan. Over the past decade, the company’s total R&D expenditures exceeded 600 billion yuan.
The drafters of the report note that in 2019, the Huawei Carrier business group took a leading position in the field of commercial deployment of 5G networks. Its activities brought the company 296.7 billion yuan. Huawei Enterprise, which delivers digital transformation solutions in various industries, earned 89.7 billion yuan. Huawei Consumer direction contribution totaled 467.3 billion yuan. During the year, 240 million smartphones were sold.