Driven by strong growth in its Consumer and Enterprise business groups, Huawei reported FY 2011 sales revenues of RMB 203.9 billion (US$32.396 billion), an 11.7% growth over the previous year, and net profits of RMB 11.6 billion (US$1.850 billion), in line with Huawei’s business revenue expectations.
Some highlights from the newly released annual report:
Huawei’s Consumer business recorded sales revenues of RMB 44.6 billion, an increase of 44.3% over 2010. In particular, the Consumer business group saw robust growth in the smart devices segment, shipping close to 150 million units last year.
Huawei’s Enterprise business group increased sales revenues by 57.1% year-on-year, generating RMB 9.2 billion in its first full year of operation as one of Huawei’s core business groups.
Huawei’s Carrier Networks business group recorded sales of RMB 150.1 billion, up 3.0% over last year. The Wireless Networks component achieved a sales revenue of RMB 45.911 billion. Sales for Fixed Networks was RMB 49.761 billion in 2011. Revenue from Global Services amounted to RMB 34.705 billion.
Domestic sales amounted to RMB 65.57 billion, up 5.5%
International sales revenues of RMB 138.4 billion, an increase of 14.9%
R&D investments amounted to RMB 23.7 billion, a year-on-year increase of 34.2%. This represents 11.6% of total annual sales revenues.
