Huawei Announces 2016 Annual Report: Steady Growth Continues into the Future

[GlobalScience Report] Huawei released its 2016 annual report today. According to the report, Huawei's operators, enterprises, and terminals have grown steadily on a 2015 basis, achieving a global sales revenue of 521.6 billion yuan, a year-on-year increase of 32%. The profit was 37.1 billion yuan, a year-on-year increase of 0.4%. In 2016, Huawei continued to invest in the future with R&D expenses of 76.4 billion yuan.

Huawei’s rotating CEO Xu Zhijun said: “In 2016, Huawei focused its strategy and accumulated positive results, achieving steady growth. As humans continue to make breakthroughs in their exploration of the digital world, digitalization and intelligent processes have brought tremendous business opportunities to various industries. The ICT industry has opened up a new path for growth. Huawei will continue to be customer-centric, enabling digital transformation of the industry, creating value for customers and achieving quality growth.”

In 2016, Huawei focused on digital transformation and captured major opportunities such as cloud, video, IoT, and operational transformation to realize sales revenue of 290.6 billion yuan, a year-on-year increase of 24%. In the enterprise business, Huawei focused on ICT. Infrastructural facilities, together with partners, assisted in the digital transformation of key industries such as public safety and government affairs, finance, and energy, realized sales revenue of 40.7 billion yuan, an increase of 47% year-on-year; benefited from product innovation and continuous improvement in the influence of high-end global brands The annual sales volume of smart phones for consumer services reached 139 million units, and sales revenue reached 179.8 billion yuan, a year-on-year increase of 44%.

Huawei's chief financial officer Meng Wanzhou pointed out: "Huawei's 2016 operating results are healthy, its cash stock is abundant, its capital structure is stable, there is no bubble, and its risk resistance capability is strong. In 2017, Huawei will continue to improve the company's operating efficiency, improve its operating quality, and achieve robustness. development of."

The international accounting firm KPMG provided independent audited financial statements for this annual report.

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