395 binary Chinese yuan revenue for Huawei 2015

Η Huawei ανακοίνωσε σήμερα τα οικονομικά της αποτελέσματα για τη χρήση 2015, με όλα της τα Groups, Carrier, Enterprise και Consumer, να πετυχαίνουν ισχυρή ανάπτυξη σε ετήσια βάση. Ο ετήσιος κύκλος εργασιών των τριών Business Groups σε παγκόσμιο επίπεδο, διαμορφώθηκε στο ύψος των 395 δις κινεζικών γουάν (60,8 δις δολάρια ), up 37% year-on-year. Profit after tax was 63,9 billion Chinese yuan (5,7 billion US dollars), up 33% year-on-year.Huawei

Guo Ping, Huawei Vice President and Rotating CEO noted:

“In part, Huawei owes its long-term growth to its sheer size ICT, which is the driving force behind digital economies around the world. Additionally, our growth is also a direct result of our strategic focus and significant investments in our strategic business areas. Over the next three to five years, we will focus on strengthening connectivity, enabling the growth of vertical industries and redefining the potential of networks. With an open and collaborative approach and a commitment to shared success, we will work closely with our customers and partners to maximize our industry growth opportunities. Together, we will build a Better Connected World."

According to 2015, Huawei's three business units recorded significant growth.

Carrier BG's annual revenue was set at 232,3 Chinese yuan (35,8 billion US dollars), an increase of 21% on an annual basis. Wide spread of 4G networks has largely contributed to this growth.

Enterprise BG's annual turnover amounted to 27,6 of two Chinese yuan (4,3 billion US dollars), showing an increase of 44% per annum. In particular, Huawei's enterprise business has grown rapidly in the areas of public security, finance, transport and energy.

An important event in 2015's performance was that Huawei's Consumer BG annual revenues were set at 129,1 in two Chinese yuan (19,9 billion US dollars), recording an increase of 73% on an annual basis. This rise was a direct result of the increased demand for high-quality products that offer a premium user experience as well as Huawei's increased influence as a consumer brand.

Over the past 20-plus years, Huawei has remained focused on ICT infrastructure, edντας σταθερά σε and development. During 2015 alone, Huawei invested 15% of its annual revenue – 59,6 billion Chinese yuan (9,2 billion US dollars) – in research and development. Huawei's total investments over the past decades have exceeded 240 billion Chinese yuan (about 37 billion US dollars).

Huawei CFO Sabrina Meng noted: “We ended 2015 with a strong financial position, with stable cash flows from operating activities and effective risk control. In 2016, we will continue to focus on our core strategy, remaining customer-centric in everything we do. We will proceed with management transformation projects in order to better prepare ourselves for the coming future and we will continue to promote the efficiency of our operations to ensure the sustainable development of the company.

Huawei's Annual Financial Report is based on financial statements that have been audited by independent auditors - accountants of KPMG, an international accounting firm.

To download the 2015 Annual Financial Report, please visit:

http://www.huawei.com/en/about-huawei/annual-report/2015

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Note 1: The amounts of Chinese yuan were converted into US dollars using the 31 exchange rateth December 2015: US $ 1.00 = CNY6.4927.

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Written by Dimitris

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