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Huawei’s sales revenue likely to touch CNY 289 bn in 2014

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VoicenData Bureau
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New Delhi:  ICT solutions provider Huawei has said that it is expected to touch a 20% growth in its sales revenues at CNY287-289 billion in 2014 on the back of robust performance by various segments like enterprise, consumer business groups, etc.

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Huawei’s Chief Financial Officer Meng Wanzhou announced that profits from Huawei’s main businesses in 2014 are expected to reach CNY33.9-34.3 billion, with 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.

Each of Huawei's Carrier, Enterprise, and Consumer Business Groups recorded strong performances in 2014, a statement  said.

Revenue at Huawei’s Carrier Network business increased by approximately 15% over the previous year, fuelled by steady increase in 3G investment and the jump in 4G investments across the globe.

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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 growing smartphone market worldwide.

“By 2025, the number of connections around the world is expected to exceed 100 billion with connectivity becoming ubiquitous, much like air and water," said Wanzhou.

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Ubiquitous connectivity and big data will drive a new industrial revolution in intelligent technology, propelling the modernization of traditional industries, and reshaping today's industries and business landscape.

“The focus of industrial innovation will migrate from the consumer Internet to the industrial Internet. A Better Connected World is awaiting us. Anytime, anywhere connectivity will become the new norm,” she added.

In 2014, Huawei invested between CNY39.5-40.5 billion (USD 6.4 Billion) in R&D, an increase of 28% over 2013. Huawei has cumulatively invested CNY188 billion (USD 30.3 Billion) in R&D over the last ten years. In addition, the company has submitted 546 proposals for LTE core standards to 3GPP, accounting for nearly 25% of the world's total.

Huawei will release its final financial results audited by accounting firm KPMG in March 2015.

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