Huawei posted further details on its 2014 unaudited results, saying sales revenue were expected to reach CNY287-289 billion, an increase of nearly 20% year-on-year, with profits of CNY33.9-34.3 billion and a margin of 12%, which is proportionately in line with 2013. Both cash flow from operating activities and asset to liability ratios remained stable and strong.
Huawei’s Carrier, Enterprise, and Consumer Business Groups recorded strong performances in 2014.
- Revenue at Huawei’s Carrier Network business increased by approximately 15% over the previous year. The main drivers of the growth were a steady increase in 3G investment and the jump in 4G investments across the globe.
- Huawei’s Enterprise Business grew by around 27%. The business now serves more than 100 of the world’s top 500 companies. Huawei also established strategic partnerships with leading enterprises including SAP and Accenture for joint innovation in areas including cloud computing and big data.
- Huawei’s Consumer Business recorded a revenue increase of around 32% year-on-year thanks to the higher sale of mid-range and high-end handsets within a rapidly growing smartphone market worldwide, with Huawei enjoying particularly strong growth in emerging markets.
In 2014, Huawei invested between CNY39.5-40.5 billion in R&D, an increase of 28% over 2013.
The core values of ‘being customer-centric, making dedicated employees the foundation of our success, and our overall commitment to dedication’ have been the cornerstones of Huawei’s growth over the past 20-plus years,” noted Huawei’s Chief Financial Officer Meng Wanzhou. “Huawei will continue to follow and embed these core values across the organization over the next decade to help us become the leader in the ICT industry.”
