Huawei 2012 sales at CNY 220 billion

Huawei, a leading global information and communications technology (ICT) solutions provider has closed 2012 with a record sales of CNY 220 billion.

In terms of net profit, the company registered CNY 15 billion in 2012. The company is planning to grow at the rate of 10 percent CAGR for the next five years.

"Despite challenging global economic conditions, Huawei achieved robust growth in 2012 through intense customer focus and improved operational efficiency. We enjoyed steady revenue development, recording sales of CNY220 billion, as well as net profit of CNY15 billion. In the next five years, we expect to realize a compound annual growth rate of 10 percent," said CT Johnson, Huawei's corporate controller.

At the analyst summit the company shared insights into ICT industry developments Huawei's strategies for reaching the company's growth targets over the next half decade.

With the advent of a new digital revolution, intelligent infrastructure will drive ICT technological advancement and users will increasingly demand and expect access to high bandwidth with zero wait time. As ICT convergence continues and information technology advances rapidly, mobile communications will become one of the key drivers of economic growth, introducing billions of people to the infinite possibilities of a connected lifestyle.

"The world today is experiencing an unprecedented rate of change. New trends such as mobility, cloud computing, big data, and social networking are guiding this industry towards a new competitive landscape. In addition, digitalization is taking place at a significant level in the real world. The Internet of Things (M2M), e-commerce, and digital media are driving massive changes in many traditional industries," said Will Zhang, president of Huawei's Corporation Strategy Department.

Consequently, the tight integration of the digital and physical worlds is not only energizing global economic development, it is also significantly changing the ways we live and work and these trends will lead to huge transformations in both the ICT industry and society as a whole added Zhang.

Moving forward, Huawei is committed to being a key strategic partner for its customers in the carrier market. Through vertical integration and continuous investment in cloud operating systems and SoftCOM, Huawei will maintain its leadership position in network equipment.

Huawei will also strive for operational excellence by capitalizing on opportunities presented by the increased demand for professional services, carrier data center integration and cloud services.

The company will adhere to an integration strategy in the enterprise business and will focus on developing partnerships and providing its partners with the industry's most competitive products in the areas of cloud computing, data center solutions and storage. Huawei is also committed to becoming a world-leading smart device brand in the consumer market by delivering a consistently superior customer experience.