May 18, 2022

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Huawei: record net profit + 76% despite US sanctions

Chinese telecom giant Huawei Archive 2021 with a It posted a net profit of 76% compared to 2020 despite US sanctions. The whole year Huawei It recorded a net profit of 113.7 billion yuan (about 16.2 billion euros), compared to 64.6 billion yuan a year earlier. On the other hand, group turnover shows a decrease of 28.5% in one year.

The company announced this in its annual report, and also revealed it R&D spending in 2021 reached 142.7 billion yuan, accounting for 22.4% of total revenue, The total investment in research and development over the past 10 years has paid more than 845 billion yuan. However, the company announced that it plans to gradually increase its commitment in this area.

Smartphone: No sales data

Huawei He did not disclose details of the number of phones sold last year. The brand was among the top three manufacturers of smart phone In the world, Together with Korea’s Samsung and American Apple. It held first place for a brief period, driven by Chinese demand and sales in emerging markets. But US sanctions in 2018, which specifically cut the company off from global component supply chains, have thrown the smartphone company into uncertainty. Washington also urged its allies to surrender Huawei for its 5G networks, arguing that Beijing could use the Chinese company to monitor the country’s communications and data traffic.

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Although pressure United States of America“Our ability to generate profits and generate cash flows is increasing,” he said. Meng Wanzhou, group financial director. “We are better able to handle uncertainty,” the founder’s daughter now said. Huawei.

Huawei Lady Case

At the end of 2018, in the midst of a technological rivalry with Beijing, Lady Huawei has been arrested in Canada at the request of the United States on suspicion of involvement in banking fraud related to sanctions against Iran. After nearly three years of procedures, we are finally September Meng Wanzhou returned to China. His arrest marked the beginning of a serious diplomatic crisis between the two countries Beijing and Ottawa Two Canadians are detained in China in retaliation.

depends on Shenzhenin the south ChinaAnd the Huawei has approximately 195,000 employees and is present in more than 170 countries. The company is not listed, and therefore is not subject to the same obligations to certify accounts or indicate in the publication of the results of stock exchange groups. In the face of US pressure, the company has refocused on the Chinese market and diversified its activities in particular In cloud computing and connected cars.

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