Huawei has released its financial performance results for 2012.
Cathy Meng, chief financial officer, Huawei, said that the company achieved effective growth in 2012 by focusing on customers, streamlining management and improving efficiency.
Huawei expects its 2012 global sales revenues to reach CNY 220.2 billion, an 8 per cent year-on-year increase, with a net profit of CNY 15.4 billion, a 33 per cent increase from the previous year. The 2012 results audited by KPMG will be outlined in the company?s annual report, which will be released in April.
The company has cumulatively invested CNY 120 billion in research and development over the past 10 years, including a CNY 29.9 billion investment in 2012, accounting for more than 13 per cent of the year?s revenue.
Huawei has strategically focused on developing sophisticated communications network infrastructure, or ?pipe.? The company has also invested in and developed its carrier network, enterprise and consumer businesses in order to provide faster, broader and smarter information services to its customers, while addressing the challenges and opportunities in the era of big data. About 70 per cent of Huawei?s revenue was generated from serving global operators.
Huawei?s three business groups continued to witness steady growth and achieved performance in line with expectations. Huawei?s carrier network business group, a traditionally strong business group, continued to be a leader in the industry, with sales revenues of CNY 160.3 billion. Huawei?s Consumer business group recorded robust sales revenue of CNY 48.4 billion, with sales continuing to grow in developed markets including Europe and Japan. Huawei?s Enterprise business group further developed its portfolio and won contracts, generating sales revenue of CNY 11.5 billion.
66 per cent of Huawei?s overall revenue came from outside China. Among the overseas revenue, the Asia-Pacific region saw revenue of CNY 37.4 billion, while Europe, Middle East and Africa recorded CNY 77.4 billion and the Americas contributed CNY 31.8 billion. The domestic market China recorded CNY 73.6 billion.
Meng also put forward a projection that Huawei expects its overall revenue to grow 10-12 per cent in 2013.
