Internet, Telecom & Wireless

Huawei Net Profit Up 33% In 2014

Chinese telecom device maker Huawei realized global sales of CNY288.2 billion in 2014, which was about USD46.5 billion, a year-on-year increase of 20.6%.

The company's net profit was CNY27.9 billion, which was about USD4.5 billion, a year-on-year increase of 32.7%.

By business lines, Huawei's carrier business revenue was CNY192.1 billion, a year-on-year increase of 16.4%; its enterprise business revenue was CNY19.4 billion, a year-on-year increase of 27.3%; and its consumer business revenue was CNY75.1 billion, a year-on-year increase of 32.6%.

By regional markets, Huawei's revenue in China was CNY108.9 billion, a year-on-year increase of 31.5%; its revenue in Europe, the Middle East and Africa was CNY101 billion, a year-on-year increase of 20.2%; its revenue in Americas was CNY30.9 billion, a year-on-year increase of 5.1%; and its revenue in Asia Pacific was CNY42.4 billion, a year-on-year increase of 9.6%.

In 2014, Huawei invested CNY40.8 billion in research and development, an increase of 29.4% compared with 2013 and accounted for 14.2% of its total sales in 2014. Over the past ten years, this Chinese company invested over CNY190 billion in R&D.

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