Huawei expects to close 2013 with global sales revenue between CNY 238 and CNY 240 billion, witnessing a year-on-year revenue increase of 8 per cent over the previous year.
Further, the company?s operating profit for 2013 is expected to between CNY 28.6 to CNY 29.4 billion. Cash flow from operating activities and the company?s asset to liability ratio is expected to remain stable. In 2013, the telecom equipment manufacturer restructured a number of processes within the company to simplify its management structure to ensure improvements in operating efficiency.
So far, more than 75 per cent of the carrier network business group?s revenue for the company in 2013 has come from the world?s top 50 telecom operators, while the proportion of revenue from services and software in the carrier business has increased from 34 per cent in 2012 to 37 per cent in 2013. Huawei claims to have witnessed rapid growth in its consumer and enterprise business groups.
Over the last 10 years, Huawei has been investing more than 10 per cent of its sales revenue in research and development (R&D). In 2013, the company?s investment in R&D reached CNY 33 billion, accounting for about 14 per cent of its total sales revenue.
Going forward, by 2018, the company plans to invest $ 600 million in 5G technology.
