Today, Huawei released its Annual Report for 2020. While growth slowed, the company’s financial output was largely in line with expectations. In 2020, Huawei’s sales revenue totaled CNY891.4 billion, up 3.8 percent year on year, and its net profit totaled CNY64.6 billion, up 3.2 percent.
Huawei overcomes the challenges.
Despite the operational challenges posed by US sanctions in 2019 and 2020, Huawei has continued to invite KPMG to audit our financial statements independently and critically. KPMG’s paper is a regular audit opinion that hasn’t been changed. We will continue to promote accountability by releasing operating data to governments, consumers, vendors, staff, and stakeholders regardless of the circumstances.
Throughout COVID-19 lockdowns, Huawei’s carrier company continued to ensure the stable operation of more than 1,500 networks in more than 170 countries and regions in 2020, helping to promote telework, online learning, and online shopping. Throughout the pandemic, Huawei Nepal worked with the government and telecom operators to keep the network running. Working with operators around the world, the organization has advanced more than 3,000 5G innovation ventures in more than 20 sectors, including coal mining, steel processing, ports, and manufacturing. You can learn more about Huawei’s 5G technologies outside of the telecom industry by visiting their website.
Huawei’s enterprise business has been working hard over the last year to create creative scenario-based solutions for various industries and to construct a digital ecosystem that thrives on collaboration and mutual success. Huawei had technological capabilities and solutions that were critical in the fight against the virus during the pandemic.
One example is a HUAWEI CLOUD-based AI-assisted diagnostic solution that has helped hospitals all over the world reduce the strain on their medical infrastructure. Huawei has collaborated with partners to launch cloud-based online learning platforms for over 50 million students in primary and secondary school. Huawei assisted organizations in Nepal with digital transformations in the banking, airline, and media sectors, among other areas.
Huawei’s consumer business advanced its Seamless AI Life strategy (“1 + 8 + N”) with the launch of HarmonyOS and the Huawei Mobile Services (HMS) ecosystem, focusing on smart workplace, fitness & wellness, smart home, easy travel, and entertainment.
Ken Hu, Huawei’s Rotating Chairman, said, “We’ve stayed firm in the face of adversity over the past year.” “We’ve kept innovating to provide value to our consumers, to aid in the fight against the pandemic, and to promote global economic recovery and social change. We have used this period to develop our operations, resulting in an output that was mostly in line with expectations.”
Huawei understands the importance of generating mutual value for society as a whole, and is collaborating with partners to help achieve broader economic, social, and environmental goals for shared growth and prosperity.
Huawei launched the Spark program in Singapore in 2020 to provide technical support, financing, consultancy, and training for tech startups in order to help the economy recover and develop the digital ecosystem. The Huawei-supported 5G Ecosystem Innovation Center in Thailand has acted as a laboratory for ASEAN 5G innovations.
Huawei Nepal 2020
Huawei Nepal worked with Nepal’s ICT Awards team to help build a network of technology experts, extend technology, and make the Digital Nepal campaign a success. This year’s Huawei ICT Awards 2020 got over 350 online nominations, and awards were given out in 12 different categories. The Ministry of Communication and Information Technology of the Nepalese government also sponsored the event and praised the effort put in to help Nepal’s ICT sector.
Huawei has initiated a number of programs in APAC to address workforce challenges, including the Huawei ASEAN Academy, Digital Training Bus, and Seeds for the Future program to provide learning opportunities and train digital talent. Over the next five years, the tech firm hopes to grow at least 300,000 ICT professionals in APAC.
“To promote social change, economic growth, and sustainable development, we will continue to work closely with our customers and partners,” Ken Hu said.
KPMG, a multinational Big Four accounting company, independently audited all financial statements in the 2020 Annual Report. The Huawei 2020 Annual Report is available for download at https://www.huawei.com/en/annual-report/2020.