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Huawei releases 2021 Total annual Report: chalks considerable gains

 


Huawei released its 2021 Total annual Report today [April 14, 2022], revealing that the business has maintained reliable functions throughout days gone by year. As each the report, Huawei achieved CNY636. 7 billion (99, 88bn USD) in income in 2021, and CNY113. 7 billion dollars (17, 84bn USD) in net income, an increase of 75. 9% year-on-year. The company's R&D expenditure reached CNY142. 7 billion in 2021, representing twenty two. 4% of their total revenue, and bringing its total R&D expenditure over the past 12 years to CNY845 billion. Continuing to move forward, the company also strategies to continually increase investment in R&D.

Guo Ping, Huawei's Rotating Chairman, mentioned at the press conference that "Overall, our performance is at line with prediction. Our carrier business remained stable, our enterprise business experienced steady growth, and our consumer business quickly expanded into new domains. In addition, we embarked on a quick track of ecosystem development. inch. Meng Wanzhou, Huawei's CFO, who also spoke at the event said, "Despite a income drop in 2021, our ability to make a profit and generate cash runs is increasing, and we are more able to dealing with uncertainty. "

The particular company's cashflow from operating activities considerably increased in 2021, amounting to CNY59. 7 billion. Their liability ratio also dropped to 57. 8%, as well as its overall financial structure has become more long lasting and flexible. Inside 2021, Huawei's service provider business created CNY281. 5 billion in income and helped carriers around the world deploy leading 5G networks. Third-party test results have found that 5G networks built by Huawei for customers in 13 nations around the world, including Switzerland, Australia, Finland, the Holland, South Korea, and Saudi Arabia, give the best user experience.

By working with carriers and lovers, Huawei has agreed upon more than 3, 000 commercial deals for business 5G applications. These sorts of 5G apps are seeing considerable professional in areas like manufacturing, puts, iron & stainless steel plants, ports, and hospitals. Huawei's organization business also expanded rapidly, creating CNY102. 4 billion in income during 2021. During the past year, Huawei launched 11 scenario-based solutions for key sectors such as government, transportation, financing, energy, and producing.

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