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Huawei achieved a revenue of 858.8 billion in 2019, with a year-on-year increase of 19.1% and a net

On March 31, Huawei released its 2019 performance report. From January to December 2019, Huawei achieved an operating revenue of 858.8 billion yuan, a year-on-year increase of 19.1%, and a net profit of 62.7 billion yuan, a year-on-year increase of 5.6%.

On the afternoon of March 31, Huawei released its 2019 annual report online. The report shows that Huawei's overall operation is stable, with a global sales revenue of 858.8 billion yuan, a year-on-year increase of 19.1%; The net profit was 62.7 billion yuan, a year-on-year increase of 5.6%; The cash flow from operating activities was 91.4 billion yuan, a year-on-year increase of 22.4%. In 2019, Huawei continued to invest in technological innovation and research, and the R & D expenses reached 131.7 billion yuan, accounting for 15.3% of the annual sales revenue. In recent ten years, the R & D expenses totaled more than 600 billion yuan.

Xu Zhijun, Huawei's rotating chairman, said: "2019 is an extraordinary year for Huawei. Under extremely severe external challenges, all Huawei employees unite, focus on creating value for customers, win the respect and trust of customers and partners, and operate steadily as a whole."

In 2019, in the field of operator business, Huawei led the 5g commercial process and set up a 5g joint innovation center with global operators to continuously promote 5g commercial and application innovation; Ruralstar series solutions were launched to effectively solve the problems of remote and marginal coverage, providing mobile Internet services to more than 40 million people in remote areas in more than 50 countries and regions, realizing a sales revenue of 296.7 billion yuan, a year-on-year increase of 3.8%.

Enterprise business helps industry customers with digital transformation and creates a digital world base. More than 700 cities and 228 of the world's top 500 enterprises have chosen Huawei as their partner in digital transformation; Huawei released the computing industry strategy for the first time, committed to becoming the "black land" of the intelligent world, launched the world's fastest rising 910 AI processor and the atlas 900 AI training cluster, realizing a sales revenue of 89.7 billion yuan, a year-on-year increase of 8.6%.

The consumer business maintained steady growth, with more than 240 million smartphones shipped. The layout of consumer centered smart ecology such as PC, tablet, smart wear and smart screen was further improved, realizing a sales revenue of 467.3 billion yuan, a year-on-year increase of 34%.

Xu Zhijun stressed: "facing the more complex external environment in the future, only by continuously improving the competitiveness of products and services, focusing on creating greater value for customers and society, opening and innovation, can we seize the historical opportunity of digitization and intelligence of the industry and realize sustainable and steady development."