Light Reading

Huawei Unveils 2013 Preliminary Results

Light Reading
News Wire Feed
Light Reading
1/15/2014
50%
50%
Repost This

BEIJING -- Huawei, a leading global information and communications technology (ICT) solutions provider, today announced unaudited financial results for 2013 which indicate continued strong growth and sales momentum.

Huawei’s global sales revenue will reach between CNY238 billion to CNY 240 billion (Exchange rate: USD1 = CNY6.0569, as at December 31, 2013) in 2013, an increase of 8 percent (11.6 percent in USD) year-on- year. Chief Financial Officer Cathy Meng announced that Huawei's operating profit for 2013 is expected to be in the range CNY28.6 billion to CNY29.4 billion. Cash flow from operating activities and the company’s asset to liability ratio remained stable. In 2013, Huawei restructured a number of processes to simplifying its management structure and ensure improvements in operating efficiency.

Huawei’s achieved new business growth across its carrier network, enterprise and consumer business groups. More than 75 percent of the carrier network business group’s revenue in 2013 came from the world's top 50 telecom carriers, while the proportion of revenue from services and software in the carrier business increased to 37 percent in 2013 from 34 percent in 2012. Huawei also generated rapid growth in its consumer and enterprise business groups.

Huawei's continued growth, despite an increasingly competitive landscape in the global ICT industry, can be attributed to the company’s continued commitment to innovation. Huawei strengthened its investment in innovation to support fundamental scientific and engineering technologies while ensuring alignment with its customer needs.

Ms Meng said, "Every year for over the past 10 years, Huawei has invested more than 10 percent of sales revenue in innovation. In 2013 alone, the company's investment in R&D reached CNY33 billion, accounting for about 14 percent of our sales revenue." This means Huawei’s annual investment in R&D exceeded 5.4 billion USD for the first time.

Huawei’s continued profitability was supported by improved efficiencies and reductions in internal management and operating costs. In 2013, Huawei implemented a number of restructuring processes such as a reorganization of its corporate management, new training programs to motivate its staff, as well as a strengthening of roles and responsibilities for frontline management and a programme to ensure field-based teams are equipped with the best tools and information to make informed and effective business decisions. In addition, Huawei significantly enhanced its internal management and operations – shifting its operating model from function-centric to project-centric and boosting investments in R&D – to improve the company’s operating profit margin.

From 2004 to 2013, Huawei invested a total of CNY153.9 billion in R&D and innovation. As a global leader in LTE technology, Huawei has been the recipient of multiple prestigious industry awards, including recognition for most innovative network and best commercial network globally. Huawei is also a pioneer in 5G technologies and the company is committed to investing USD 600 million by 2018 in support of research and innovation into 5G mobile network technologies. Huawei’s 400G core router technology is one of the most technologically-advanced in the industry worldwide.

As part of the company’s commitment to promoting a vibrant ICT industry through partnerships, Huawei has selected 389 suppliers based on the supplier portfolio management results and their performance, and have fulfilled a supplier prepayment of approximately USD1 billion in 2013.

Huawei Technologies Co. Ltd.

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
Flash Poll
LRTV Documentaries
Cable Eyes Big Technology Shifts

4|16|14   |   03:02   |   (4) comments


US cable engineers are facing a lot of heavy lifting in the coming years, notes Light Reading Cable/Video Practice Leader Alan Breznick.
LRTV Custom TV
Maximizing Customer Experience & Assuring Service Delivery in an IP World

4|15|14   |   4:57   |   (0) comments


Steven Shalita, VP of Marketing, NetScout Systems, Inc., discusses the challenges cable/MSO operators face in assuring the delivery of new IP-based services. Key points include the value of proactively managing performance, and using rich analytics and operational intelligence to better understand service and usage trends, make smarter business decisions and ...
LRTV Documentaries
Bye-Bye DVD: Consumers Embrace Digital Video

4|10|14   |   04:17   |   (7) comments


Veteran video analyst Colin Dixon, founder and principal analyst of nScreenMedia, says research shows 56% are using digital video already.
LRTV Documentaries
Video: TW Cable Puts Multicast Gateways to the Test

4|8|14   |   04:13   |   (1) comment


Tom Gonder, a chief architect at Time Warner Cable, explains how its trial of multicast gateways is impacting IP-based video plans.
LRTV Custom TV
Managing & Monetizing Big Data in Operator Environments

4|7|14   |     |   (1) comment


At Mobile World Congress, Gigamon's Director of Service Provider Solutions, Andy Huckridge, and Heavy Reading Analyst Sarah Wallace discuss the 'big data' issues facing carriers and operators today.
LRTV Huawei Video Resource Center
Data Center Energy – Build Your Data Center in a Modular Way

4|7|14   |   2:13   |   (0) comments


Dr. Fang Liangzhou, VP Network Energy Product Line, shared his thoughts about the challenges for data centers during CeBIT 2014.
LRTV Huawei Video Resource Center
Agile Network Solution – An Overview of Huawei's Agile Network Solution

4|7|14   |   2:31   |   (0) comments


Ajay Gupta, Director of Product Marketing, Networking Product Line, gives an overview of the Agile Network Solutions during CeBIT 2014.
LRTV Huawei Video Resource Center
Huawei’s eLTE Voice Trunking, Video and Data Applied for Railways

4|7|14   |   1:38   |   (0) comments


Gottfried Winter is the Sales Director at Funkwerk, a German specialist in GSM-r terminals and a long-time partner of Huawei. At CeBIT 2014, Winter talks to Light Reading about this partnership and the integration of enhanced voice trunking, video and data functions.
LRTV Huawei Video Resource Center
LeaseWeb Speaks Highly of Huawei's Datacenter Products

4|7|14   |   1:37   |   (0) comments


Rene Olde Olthof, Operations Director LeaseWeb, talks about the next data center transformation during CeBIT 2014.
LRTV Documentaries
Comcast: Reshaping the Cable Network Architecture

4|3|14   |   07:11   |   (8) comments


Shamim Akhtar, Comcast's architect and senior director of network strategy, explains why the cable company is moving to a more distributed network architecture.
LRTV Custom TV
VMware CEO Pat Gelsinger at Mobile World Congress

4|1|14   |   3:41   |   (0) comments


VMware CEO Pat Gelsinger speaks to Heavy Reading about the value of virtualization spanning from the data center to service provider networks to mobile devices.
LRTV Huawei Video Resource Center
Analysts' Impressions of Huawei SoftCOM at ONS 2014

4|1|14   |   1:11   |   (0) comments


After visiting the Huawei booth at ONS, Lee Doyle of Doyle Research gives his appraisal of Huawei's SoftCOM solution.
Hot Topics
BlackBerry Invests in Healthcare IT Startup
Sarah Reedy, Senior Editor, 4/15/2014
Volvo: AT&T HSPA+ Can Drive My Car
Sarah Reedy, Senior Editor, 4/16/2014
T-Mobile Petitions Operators to Kill Overages
Sarah Reedy, Senior Editor, 4/14/2014
Cisco & VMware Are Apple & Google of SDN
Mitch Wagner, West Coast Bureau Chief, Light Reading, 4/14/2014
Mobile Apps Susceptible to Heartbleed, Too
Sarah Reedy, Senior Editor, 4/14/2014
Like Us on Facebook
Twitter Feed