Huawei growth remains bullish in the face of adversity

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China’s Huawei, a leading global provider of information and communications technology infrastructure and smart devices, released its 2018 Annual Report on Friday. According to the report, the company maintained strong business growth in 2018. Its sales revenue rounded off at CNY721.2 billion, up 19.5% year-on-year; its net profit reached CNY59.3 billion, up 25.1% year-on-year.

In 2018, Huawei invested CNY101.5 billion (14.1% of its sales revenue) in R&D, ranking fifth globally in The 2018 EU Industrial R&D Investment Scoreboard. Over the last ten years, Huawei’s R&D expenditure has reached more than CNY480 billion. According to official data released by the World Intellectual Property Organization (WIPO), Huawei filed 5,405 patent applications to this organization in 2018, ranking first among all companies globally.

In its carrier business, Huawei launched its latest 5G and SoftCOM AI solutions, focusing on making them as simple as possible to use and maintain. 2018 also saw ongoing innovation in domains like premium home broadband and the Internet of Things (IoT), helping carriers seize new growth opportunities. In 2018, the sales revenue of Huawei’s carrier business reached CNY294 billion, roughly the same as the year prior.

In its enterprise business, Huawei continued providing cloud, big data, artificial intelligence (AI), and IoT solutions, as well as a range of products for data centers, all-flash storage, and WiFi. By integrating these technologies into its digital platform, Huawei has facilitated the construction of smart cities, safe cities, and smart campuses, and has helped drive the digital transformation of its customers in the finance, transportation, and energy sectors. In 2018, the sales revenue of Huawei’s enterprise business reached CNY74.4 billion, up 23.8% year-on-year.

In its cloud business, Huawei launched 160 cloud services and 140 solutions, and worked with its partners to serve customers worldwide with 40 availability zones across 23 regions.

Huawei has grown its list of partners to more than 6,000 in this domain and is actively exploring the use of its AI services in more than 200 projects across 10 major industries.
In its consumer business, Huawei further increased its share of the global smartphone market and has further enhanced the positioning of its high-end devices. It has also made major breakthroughs in building an intelligent ecosystem for all user scenarios. In 2018, the sales revenue of Huawei’s consumer business reached CNY348.9 billion, up 45.1% year-on-year.

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