Huawei’s revenue last year accounted for more than half of the consumer business of 858.8 billion yuan

Huawei’srevenuelastyearaccountedformorethanhalfoftheconsumerbusinessof858.8billionyuan
OnMarch30,Huaweireleasedits2019annualreport.ThereportshowsthatHuaweiachievedglobalsalesrevenueof85.88millionyuan,anannualincreaseof19.1%;netprofit62.7billionyuan,cashflowfromoperatingactivities91.4billionyuan,anannualincreaseof22.4%.Inaddition,Huawei’sR&Dexpensesin2019amountedto131.7billionyuan,accountingfor15oftheannualsalesrevenue.3%,thetotalR&DexpenditureinthepasttenyearshasexceededRMB600billion.XuZhijun,Huawei’srotatingchairman,said:“2019isanextraordinaryyearforHuawei.Underextremelysevereexternalchallenges,allHuaweiemployeesareunitedtofocusoncreatingvalueforcustomersandwintheattentionandtrustofcustomersandpartners.,Theoveralloperationissound.ThefinancialreportshowsthatHuawei’soperatorbusinessrevenuewas296.7billion,anannualincreaseof3.8%;corporatebusinessrevenuewas89.7billion,ayear-on-yearincreaseof8.6%;consumerbusinessincomeof467.3billionUSdollars,anannualincreaseof34%.XuZhijunemphasized:”Inthefaceofamorecomplexexternalenvironmentinthefuture,wecanonlycontinuetoimprovethecompetitivenessofproductsandservices,focusoncreatingvalueforcustomersandsociety,openinnovation,masterthehistoricalpossibilitiesofdigitalizationandintelligenceintheindustry,andachievesustainedSteadydevelopment.”Sauna,YeWangLuYifueditorLiWeijiaproofreadLiMing