Huawei Annual Report 2020

​We just published our 2020 annual report and can announce that the numbers are in line with the marginal growth we forecasted. The sales revenue weighed in at CNY 891.4 billion ( $136.7 billion) with a net profit of CNY 64.6 billion ($9.9 billion). Despite the US sanctions set in 2019 by the Trump Administration and all the difficulties caused by the Coronavirus pandemic, our revenue is up 3.8% YoY, and profits are up 3.2% YoY.

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Over the past year, we’ve held strong in the face of adversity. We’ve kept innovating to create value for our customers, to help fight the pandemic, and to support both economic recover and social progress around the world. We also took this opportunity to further enhance our operations, leading to a performance that was largely in line with forecast. — Rotating Chairman Ken Hu