Huawei’s 2015 revenue exceeded US$60.8 billion (CNY395 billion), up 37% YoY. Net profits amounted to US$5.68 billion (CNY36.9 billion), up 33% YoY.
In its newly-released annual report, Huawei said its Carrier, Enterprise, and Consumer Business Groups (BGs) all achieved strong year-on-year growth Huawei’s financial statements were audited by KPMG.
“In part, Huawei owes its long-term growth to the sheer size of the ICT market, which is the driving force of digital economies around the world. However, our growth is also a direct result of strategic focus and heavy investment in our core businesses. Over the next three to five years, we will concentrate on enhancing connectivity, enabling the development of vertical industries, and redefining network capabilities. With an open and collaborative approach, and a commitment to shared success, we will work closely with our customers and partners to maximize industry development opportunities. Together, we will build a Better Connected World,” stated Guo Ping, Huawei’s deputy chairman and rotating CEO.
Some highlights:
- The Carrier BG generated CNY232.3 billion (US$35.8 billion) in annual revenue, up 21% YoY. Widespread rollout of 4G networks accounted for a large portion of this growth.
- The Enterprise BG generated CNY27.6 billion (US$4.3 billion) in annual revenue, an increase of 44% YoY. In particular, Huawei’s enterprise business experienced rapid growth in the public safety, finance, transportation, and energy sectors.
- A major highlight of the company’s performance in 2015, Huawei’s Consumer BG reported CNY129.1 billion (US$19.9 billion) in annual revenue, up 73% YoY. This increase was a direct result of increased demand for high-quality products that deliver a premium user experience, as well as Huawei’s growing influence as a consumer brand.
- R&D expenditures amounted to 15% of its annual revenue – CNY59.6 billion (US$9.2 billion). Huawei’s total R&D investment over the past decade exceeds CNY240 billion (approximately US$37 billion).
