& cplSiteName &

Huawei Unveils 2013 Preliminary Results

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

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        ADD A COMMENT
Featured Video
From The Founder
The 'gleaming city on a hill,' Steve Saunders calls it. But who is going to take us from today's NFV componentry to the grand future of a self-driving network? Here's a look at the vendors hoping to make it happen.
Flash Poll
Upcoming Live Events
September 28, 2017, Denver, CO
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 10, 2017, The Westin Times Square, New York, NY
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Could the Connected Car Help Prevent Terrorism?
Dan Jones, Mobile Editor, 9/15/2017
AT&T Wants to Ditch the Dish
Mari Silbey, Senior Editor, Cable/Video, 9/13/2017
Cities Slam FCC on Broadband Proceedings
Mari Silbey, Senior Editor, Cable/Video, 9/15/2017
Apple's New iPhones: No Gigabit LTE for You!
Dan Jones, Mobile Editor, 9/14/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed