Huawei’s 2020 annual report has been published and the company reports that the numbers are in line with what was forecasted: “marginal growth”. Huawei’s sales revenue weighed in at CNY 891.4 billion ( $136.7 billion) with net profit CNY 64.6 billion ($9.9 billion). Revenue is up 3.8% YoY and profits are up 3.2% YoY. Source: HuaweiAs reported by Bloomberg, US sanctions placed against Huawei in 2019 has resulted in the company’s “toughest year on record”. With signs of the smartphone business slowing down, Huawei has managed to grow in other areas of business including smart agriculture, healthcare, and electric cars.

Source: The Nation April 01, 2021 03:00 UTC