Huawei released its 2019 Annual\nReport today, detailing a solid business performance. The company’s global\nsales revenue in 2019 rounded off at USD$123 billion, up 19.1% year-on-year;\nits net profit reached USD$9 billion; and its cash flow from operating activities\ntopped USD$13.1 billion, up 22.4% year-on-year. As part of a long-term, ongoing\ninvestment in technological innovation and research, Huawei invested 15.3% of\nits 2019 revenue \u2013 or approximately USD$18.8 billion \u2013 back into R&D. Its\ntotal R&D spend over the past decade now exceeds USD$85.9 billion.<\/p>\n\n\n\n
“2019 was an extraordinary year for Huawei<\/em>,” said Eric\nXu, Huawei’s Rotating Chairman. “Despite\nenormous outside pressure, our team forged ahead with a singular focus on\ncreating value for our customers. We worked hard to earn their respect and\ntrust, as well as that of our partners around the globe. Business remains\nsolid.”<\/em><\/p>\n\n\n\n In 2019, Huawei’s carrier\nbusiness led the commercial rollout of 5G networks. To further commercial\nadoption and promote new innovation in 5G applications, the company established\n5G joint innovation centers together with carriers worldwide. Huawei’s\nRuralStar base station solutions can effectively address coverage problems in\nremote areas. These solutions are being used in over 50 countries and regions,\nbringing mobile Internet to more than 40 million people living in remote areas.\nIn 2019, sales revenue from Huawei’s carrier business reached USD$42.5 billion,\nup 3.8% year-on-year.<\/p>\n\n\n\n Huawei’s enterprise business\ncontinues to support the digital transformation of customers across industries\nas the company helps lay the foundations for the digital world. Globally, more\nthan 700 cities and 228 Fortune Global 500 companies have chosen Huawei as\ntheir digital transformation partner. In 2019, Huawei announced its computing\nstrategy with the aim of cultivating fertile soil for the intelligent world to\nflourish. As part of this strategy, the company launched the world’s fastest AI\nprocessor, the Ascend 910, and the AI training cluster Atlas 900. In 2019,\nsales revenue from Huawei’s enterprise business reached USD$12.8 billion, up\n8.6% year-on-year.<\/p>\n\n\n\n Huawei’s consumer business\ncontinues to see robust growth, with a total of 240 million smartphones shipped\nthroughout the year. The company reports further progress in developing the\nSeamless AI Life ecosystem across all scenarios and devices, including personal\ncomputers, tablets, wearables, and smart screens. In 2019, sales revenue from\nHuawei’s consumer business reached USD$66.9 billion, up 34% year-on-year.<\/p>\n\n\n\n “The external environment will only get more complicated going\nforward,”<\/em> Xu cautioned. “We\nneed to keep enhancing the competitiveness of our products and services,\npromoting open innovation, and creating greater value for our customers and\nsociety at large. This is the only way we can seize the historic opportunities\npresented by the digital and intelligent transformation of industries, and\nmaintain robust growth in the long run.”<\/em><\/p>\n\n\n\n