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#BizBeat​ Ep. 112: Huawei entry into e-car race is shaking up the auto market

SHENZHEN: China's Huawei Technologies reported modest annual profit growth for 2020 as overseas revenues declined due to disruption caused by the pandemic and the company's placement on a U.S. export blacklist.

Net profit for 2020 came in at 64.6 billion yuan ($9.83 billion), up 3.2%, compared to growth of 5.6% a year earlier.


Huawei was put on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing critical technology of U.S. origin, affecting its ability to design its own chips and source components from outside vendors.

The ban put Huawei's handset business under immense pressure, with the company selling off its budget smartphone unit to a consortium of agents and dealers in November 2020 to keep it alive.

Yet Huawei reported that its consumer business, which includes smartphones, brought in 482.9 billion yuan, up 3.3% year on year, and accounted for over half of the company's revenue. kinki sos



Huawei releases its 2020 Annual Report, announcing solid business performance and reaffirms commitment to creating greater value for customers and society
Mihai Cristea 01/04/2021 | 18:32

Huawei released its 2020 Annual Report today, closing the year with a business performance in line with forecast. The company’s global sales revenue in 2020 rounded off at US$136.7 billion, up 3,8% year-on-year, and its net profit reached US$9.9 billion, up 3,2% year-on-year.


“Over the past year we’ve held strong in the face of adversity,” said Ken Hu, Huawei’s Deputy Chairman. “We’ve kept innovating to create value for our customers, to help fight the pandemic, and to support both economic recovery and social progress. We also took this opportunity to further enhance our operations, leading to a performance that was largely in line with forecast. Despite a challenging business environment, we remained committed to a globalized and diversified supply chain – one that doesn’t rely on any single country or region, but instead makes use of global resources to ensure supply continuity.”

In 2020, Huawei’s carrier business continued to ensure the stable operations of more than 1,500 networks across over 170 countries and regions throughout COVID-19 lockdowns, which helped support telework, online learning, and online shopping for people around the world. Working together with carriers, the company helped provide a superior connected experience. According to 5G experience tests conducted by multiple third-party organizations in major cities around the world, Huawei-built 5G networks ranked first for user experience on carrier networks. The company also worked with carriers worldwide to implement more than 3,000 5G innovation projects in over 20 industries like coal mining, steel production, ports, and manufacturing. In 2020, sales revenue from Huawei’s carrier business reached US$46.4 billion, up 0.2% year-on-year. kinki sos



how come still make more profit ever even under the US mighty strength to punish a diminutive company!!!

Cross-Canada Campaign to Free Meng Wanzhou Panel Discussion Livestream

https://www.facebook.com/groups/68843034458...077760022317087



This post has been edited by Meis: Jul 13 2021, 12:21 AM

by HK blue camp media

so call AMTK democracy, got new proof also denied to be present!!!
what a joke!!!

HK pro-blue camp media

HK slightly pro blue camp media

HK slightly pro blue camp media



https://www.youtube.com/playlist?list=PLPNn...W6dXvq8HL4bJ-VT

This post has been edited by Meis: Aug 12 2021, 01:24 PM

HK blue camp media






This post has been edited by Meis: Sep 20 2021, 01:21 AM

How Meng Wanzhou Changes China, America & Canada Geopolitics

final verdict end of oct!!!

HK media

HK media

Towards Freedom! Returning in PRC after being kidnapped for 3 years by the Old World Order imperialist mafias leaded by megalomaniac Uncle Sam.

Huawei's CFO Meng Wanzhou returning to China, does not plead guilty
https://news.cgtn.com/news/2021-09-25/Plane...41Ms/index.html

HK media







This post has been edited by Meis: Sep 25 2021, 08:37 PM

Lawyer of Meng Wanzhou says Huawei executive has not pleaded guilty

https://news.cgtn.com/news/2021-09-25/Huawe...dVVm/index.html

Arrived in PRC.

Live: Huawei CFO Meng Wanzhou returns to China after nearly three years of illegal detention in Canada



https://www.youtube.com/playlist?list=PLPNn...ZnN-Zosj6ZdC5ni
https://www.youtube.com/watch?v=APOON863Gmw
https://www.youtube.com/watch?v=FC8Jnt9Hdqw

This post has been edited by Meis: Sep 25 2021, 10:54 PM

the truth finally prevails

AMTK suckkers will be
& having hard time to sleep well tonight and can't pangsai w morrow morning!!!

miss Meng Wanzhou to AMTK US & lickkers

HK pro-blue camp media





This post has been edited by Meis: Sep 25 2021, 11:02 PM