Wednesday, January 15, 2014

Huawei Posts 2013 Sales of US, up 11.6% YoY

Huawei reported preliminary 2013 global sales of between CNY 238 billion to CNY 240 billion (US$39.3 to US$39.6 billion) an increase of  about 8 percent (~11.6 percent in USD) year-on-year. Final results are usually published in April. Huawei is an employee-owned corporation.

Huawei's operating profit for 2013 is expected to be in the range CNY 28.6 billion to CNY 29.4 billion. Cash flow from operating activities and the company’s asset to liability ratio remained stable.

Huawei’s global sales revenue will reach between CNY 238 billion to CNY 240 billion (Exchange rate: USD1 = CNY6.0569, as at December 31, 2013) in 2013, an increase of ~8 percent (~11.6 percent in USD) year-on- year. Chief Financial Officer Cathy Meng announced that Huawei's operating profit for 2013 is expected to be in the range CNY 28.6 billion to CNY 29.4 billion. Cash flow from operating activities and the company’s asset to liability ratio remained stable. In 2013, Huawei restructured a number of processes to simplifying its management structure and ensure improvements in operating efficiency.

"Every year for over the past 10 years, Huawei has invested more than 10 percent of sales revenue in innovation. In 2013 alone, the company's investment in R&D reached CNY 33 billion, accounting for about 14 percent of our sales revenue." This means Huawei’s annual investment in R&D exceeded 5.4 billion USD for the first time," stated Chief Financial Officer Cathy Meng.

http://pr.huawei.com/en/news/hw-324415-cfo.htm#.UtaY9PRDtF5


  • In April 2013, Huawei reported 2012 annual revenue of CNY220.2 billion (US$35.35 billion), up 8% for year and ahead of its peers.  Net profit for 2012 amounted to CNY15.38 billion (US$2.47 billion).

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