Huawei 2016 Annual Report: Solid Growth and Sustained Investment in the Future

Telecommunication Press Releases Tuesday April 4, 2017 11:04
Bangkok--4 Apr--francom asia

Huawei today released its audited financial results for 2016, reporting that its Carrier, Enterprise, and Consumer business groups (BGs) each achieved solid year-on-year growth. Group annual revenue was CNY521.6 billion (US$75.1 billion), an increase of 32% over 2015. Net profits were CNY37.1 billion (US$5.3 billion), an increase of 0.4%. In 2016, Huawei continued to invest in the future, with the company's annual spending on research and development reaching CNY76.4 billion (US$11 billion).

Eric Xu, Huawei Rotating CEO, remarked, "In 2016, Huawei maintained its strategic focus and achieved solid growth. As humanity continues to explore and make new breakthroughs in the digital world, digitization and increasing intelligence present huge business opportunities for all industries, and are also paving the road for new growth for the ICT industry. We will stay customer-centric and will support digital transformation in all industries, in order to create value for our customers and to grow sustainably."

In 2016, Huawei's Carrier BG generated CNY290.6 billion (US$41.8 billion) in revenue, an increase of 24% year-on-year. This was achieved by focusing on digital transformation and leveraging major opportunities in cloud, video, the Internet of Things, and operations transformation for carrier customers.

Working in close collaboration with its partners, Huawei's Enterprise BG delivered ICT infrastructure to support the digital transformation of key vertical industries, including finance, energy, government bodies, and public safety. This business generated CNY40.7 billion (US$5.9 billion) in annual revenue, an increase of 47%.

Thanks to its increasingly innovative products and growing global recognition as a premium device brand, Huawei's Consumer BG shipped 139 million smartphones during 2016, and reported CNY179.8 billion (US$25.9 billion) in annual revenue, up 44%.

Sabrina Meng, Huawei's CFO, noted: "Huawei was operationally healthy in 2016, with ample cash reserves, a solid and sustainable capital structure, and high resilience against risk. In 2017, we will continue to boost the efficiency and quality of our operations to ensure solid growth."

Financial statements in the 2016 Annual Report are audited independently by KPMG.
To download the 2016 Annual Report, visit
Note 1: All CNY figures in the Annual Report were converted into USD using the closing rate on December 31, 2016: US$1.00 = CNY6.9448.
Note 2: Growth rates are calculated based on CNY figures.

Latest Press Release

TrueVisions launches new packages: TrueVisions has released two exclusive entertainment packages for subscribers to Happy Family and Enjoy programs.

To attract movie lovers, Enjoy Extra Movies is launched to include three HD channels where world's top movies are shown: Fox Action Movies, True Film HD2 and Warner TV. Twenty-four hours of all forms of entertainment allow Thai people to enjoy most...

Telekom Malaysia Implements AssistEdge to Increase Efficiency and Productivity

EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), announced the successful implementation of AssistEdge at Telekom Malaysia (TM), under the OVAL (One View Application Layout) program. Telekom Malaysia is the country's convergence...

Meet Google, BT, LINE and over 600 teleco players at Telecoms World Asia 2018

Over the past decade, the telecoms industry has undergone a significant overhaul, brought about by the advancement of technology, competition from unconventional players and fall in traditional revenue sources. Recent years have seen telecom operators...

Cambium Networks Recognizes the Heroes of Wireless Connectivity Around the World

Cambium Networks, a leading global provider of wireless networking solutions, today announced the first recipients of the company's Connectivity Hero Award . Launched in 2017, the award recognizes individuals who have made a difference in the lives of...

ZTE teams up with Ooredoo Group to lead 5G commercialization in MENA

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today reached an agreement on strategic cooperation with leading operator Ooredoo Group....

Related Topics