02 Huawei Investment & Holding Co., Ltd.
Message from the Rotating Chairman
Over the past year, we have faced
unprecedented challenges across the
board. It’s been difficult. But thanks to
the unfailing trust and support of our
customers and partners, backed by the
solidarity and dedication of our employees,
we have managed to stay afloat.
The external environment will only get
more complicated going forward. We need
to keep enhancing the competitiveness of
our products and services, promoting open
innovation, and creating greater value
- both for our customers and society at
large. This is the only way we can seize
the historic opportunities presented by the
digital and intelligent transformation of
industries, and maintain robust growth in
the long run.
2019 was an extraordinary year for Huawei.
Despite enormous outside pressure, our
team forged ahead with a singular focus on
creating value for our customers. This helped
us earn their respect and trust, as well as
that of our partners around the globe. In
2019, our sales revenue rounded off at 858.
billion Chinese yuan, up 19.1% year-on-year.
Our net profits reached 62.7 billion Chinese
yuan, and our operating cash flow topped
91.4 billion Chinese yuan. Business remains
Our carrier business has been leading
the commercial rollout of 5G networks
worldwide. In 2019, in order to further
commercial adoption and promote new
innovation in 5G applications, we established
5G joint innovation centers together with
carriers in Europe. At the same time, our
RuralStar base station solutions are now
being used in over 50 countries and regions,
bringing mobile Internet to more than 40
million people living in remote areas.