On March 30th, Huawei released its 2017 annual report, which was independently audited by international accounting firm KPMG. According to the report, Huawei achieved global sales revenue of CNY 603.6 billion ($92.5 billion) in 2017, up by 15.7% than the CNY 521.6 billion in 2016. The net profit was CNY 47.5 billion ($7.3 billion), marking a significant year-on-year increase of 28.1%.