Huawei sales revenue hits 891.4 billion yuan in 2020

Updated:2021/4/2 11:31

Huawei released its 2020 Annual Report on Wednesday.Its sales revenue in 2020 rounded off at 891.4 billion yuan,up 3.8% year-on-year,and its net profit reached 64.6 billion yuan,up 3.2% year-on-year,despite the impact of the COVID-19 pandemic and US government restrictions.

Specifically,Huawei's carrier business reached 302.6 billion yuan in 2020,rising 0.2 percent from a year earlier.The growth of consumer business, which accounted for over 54 percent of Huawei's overall business, slowed down in 2020, growing 3.3 percent year-on-year to 482.9 billion yuan.The company's enterprise business saw a rapid yearly growth of 23 percent, amounting to 100.3 billion yuan in 2020.

"Over the past year, we've held strong in the face of adversity,"  said Ken Hu, Huawei's Rotating Chairman,  during the company's 2020 annual report press conference at its headquarters in Shenzhen on Wednesday,"We've kept innovating to create value for our customers, to help fight the pandemic, and to support both economic recovery 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 forecasts."

For press release services, please email us at

Related News

Copyright© 2014 C114 All rights reserved.