Tuesday, May 28, 2024

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    Huawei Annual growth 3.8% in 2020

    Tv24 Desk: Huawei released its 2020 Annual Report today, closing the year with a business performance in line with forecast. The company’s global sales revenue in 2020 rounded off at BDT 11 lakh 53 thousand crore, up 3.8% year-on-year, and its net profit reached BDT 83 thousand 500 crore, up 3.2% year-on-year.

    “Over the past year we’ve held strong in the face of adversity,” said Ken Hu, Huawei’s Deputy 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. Despite a challenging business environment, we remained committed to a globalized and diversified supply chain – one that doesn’t rely on any single country or region, but instead makes use of global resources to ensure supply continuity.”

    Photo Of Huawei annual report infographic of 5 years revenue.

    In 2020, Huawei’s carrier business continued to ensure the stable operations of more than 1,500 networks across over 170 countries and regions throughout COVID-19 lockdowns, which helped support telework, online learning, and online shopping for people around the world. Working together with carriers, the company helped provide a superior connected experience. According to 5G experience tests conducted by multiple third-party organizations in major cities around the world, Huawei-built 5G networks ranked first for user experience on carrier networks. The company also worked with carriers worldwide to implement 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 and create a digital ecosystem “of all, by all, and for all”.  During the pandemic, Huawei provided technical expertise and solutions that proved 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.


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