annual_report_2019_en

22 Huawei Investment & Holding Co., Ltd.

2019 Business Review

In 2019, the global economy experienced a slowdown and remained sluggish. Huawei stayed focused on ICT

infrastructure and smart devices, and continued investing to create value for our customers, deliver better

experiences to consumers, and improve the quality of our operations. Our annual revenue reached CNY858,833

million, up 19.1% year-on-year.

■    In the Chinese market, 5G networks saw

large-scale deployment. Our smartphone business

maintained steady growth and we created more

local sales channels. Our enterprise business

seized the opportunities brought about by digital

and intelligent transformation, and our ability to

develop industry-based solutions improved. Thanks

to these factors, Huawei earned CNY506,733

million in revenue from the Chinese market, up

36.2% year-on-year.

■    5G network rollout and the accelerated pace of

enterprises’ digital transformation helped Huawei

earn CNY206,007 million in revenue from Europe,

the Middle East, and Africa (EMEA), up 0.7% from

2018.

8.6%

■    In the Asia-Pacific Region, as we saw fluctuations

in carrier investment cycles in some countries and

were denied access to the Google Mobile Services

(GMS) ecosystem in the consumer business,

Huawei’s revenue from this region decreased to

CNY70,533 million in this region, down 13.9%

year-on-year.

■    In Latin America, enterprises were building new

digital infrastructure and our mid-range consumer

products became more competitive. As a result,

Huawei’s revenue from the Americas grew to

CNY52,478 million, up 9.6% from 2018.

(CNY Million) 2019 2018 YoY

Carrier Business 296,689 285,830 3.8%

Enterprise Business 89,710 82,592 8.6%

Consumer Business 467,304 348,852 34.0%

Other 5,130 3,928 30.6%

Total 858,833 721,202 19.1%

(CNY Million) 2019 2018 YoY

China 506,733 372,162 36.2%

EMEA 206,007 204,536 0.7%

Asia Pacific 70,533 81,918 (13.9)%

Americas 52,478 47,885 9.6%

Other 23,082 14,701 57.0%

Total 858,833 721,202 19.1%

Enterprise Business

89,710

Consumer

Business

467,304

Carrier Business

296,689

3.8%

34.0%

34.5%

10.4%

54.4%

China

506,733

EMEA

206,007

Asia

Pacific

70,533

Americas

52,478

0.7%

36.2%

13.9%

9.6%

59.0%

24.0%

8.2%

6.1%