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Huawei releases its 2020 Annual Report

Huawei reaffirms commitment to creating greater value for customers and society in the face of adversity

NepalKhoj Report 1 Apr, 2021

Shenzhen, China: Huawei released its 2020 Annual Report today. Growth slowed, but the company’s business performance was largely in line with forecast. Huawei’s sales revenue in 2020 rounded off at CNY891.4 billion, up 3.8% year-on-year, and its net profit reached CNY64.6 billion, up 3.2% year-on-year.

Despite operational difficulties brought about by US sanctions in 2019 and 2020, Huawei has continued to invite KPMG to independently and objectively audit our financial statements. The document produced by KPMG is a standard unmodified audit opinion. No matter the circumstances, we will continue to embrace transparency by disclosing operational data to governments, customers, suppliers, employees, and partners.

In 2020, Huawei’s carrier business continued to ensure the stable operations of more than 1,500 networks across more than 170 countries and regions, which helped support telework, online learning, and online shopping throughout COVID-19 lockdowns. Huawei Nepal also stayed with the government and telecom operators to maintain the network during the whole year of pandemic. Working together with carriers around the world, the company helped provide a superior connected experience and moved forward with more than 3,000 5G innovation projects in over 20 industries like coal mining, steel production, ports, and manufacturing.

Over the past year, Huawei’s enterprise business stepped up efforts to develop innovative scenario-based solutions for different industries and create a digital ecosystem that thrives on joint creation and shared success. During the pandemic, Huawei provided technical expertise and solutions that were vital in the fight against the virus. One example is an AI-assisted diagnostic solution based on HUAWEI CLOUD that helped hospitals the world over reduce the burden on their medical infrastructure. Huawei also worked with partners to launch cloud-based online learning platforms for more than 50 million primary and secondary school students. In Nepal, Huawei helped to initiate digital transformations for organisations from Banking industries, Airlines, Media and other different domains.

With the rollout of HarmonyOS and the Huawei Mobile Services (HMS) ecosystem, Huawei’s consumer business moved forward with its Seamless AI Life strategy (“1 + 8 + N”) to provide consumers with an intelligent experience across all devices and scenarios, focusing on smart office, fitness & health, smart home, easy travel, and entertainment.

“Over the past year we’ve held strong in the face of adversity,” said Ken Hu, Huawei’s Rotating 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 around the world. We also took this opportunity to further enhance our operations, leading to a performance that was largely in line with forecast.”

Huawei recognizes the importance of creating shared value for society as a whole, and is working together with partners to support broader economic, social, and environmental goals for shared progress and prosperity.

To boost the economic recovery and cultivate the digital ecosystem, Huawei launched the Spark program in Singapore in 2020 to provide technical support, funding, consulting and training for tech startups. The 5G Ecosystem Innovation Center in Thailand, supported by Huawei, has been served as a sandbox for 5G innovations in ASEAN. Huawei Nepal collaborated with ICT Awards team in Nepal to help create a roster of technology experts and expand the technology and make the Digital Nepal campaign a success. The Huawei ICT Awards 2020 had received more than 350 online nominations this year, and the award was presented in 12 different categories. Ministry of Communication and Information Technology, Government of Nepal, also supported the event and appreciated the effort contribute to the ICT sector in Nepal. 

To tackle the workforce challenges, Huawei has launched multiple initiatives in APAC, including the Huawei ASEAN Academy, Digital Training Bus, and Seeds for the Future program to provide learning resources and train digital talents. The tech company aims to develop at least 300,000 ICT talents over the next five years in APAC.

“We will continue to work closely with our customers and partners to support social progress, economic growth, and sustainable development,” said Ken Hu.

All financial statements in the 2020 Annual Report were independently audited by KPMG, an international Big Four accounting firm. To download the 2020 Annual Report, visit https://www.huawei.com/en/annual-report/2020

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 194,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go.

For more information, please visit Huawei online at www.huawei.com

About Huawei Nepal:

Huawei Nepal has been serving for 21 years in Nepal ICT industry. Since 1999, Huawei brought 2/3/4G Technologies and Solution to Nepal, helped telecom operators to quickly deploy the communication network, including in the remote area, enhancing the quality of telecommunication service, building the physical foundation of “Digital Nepal”. More than 28 million population of Nepal are benefiting from Huawei`s solution. From the past 21 years, Huawei Nepal has been committed to be compliant with local regulations and law. Huawei has been a responsible corporate citizen in Nepal. In local contribution, Huawei created 10,000+ jobs directly and indirectly from the past 21 years in Nepal. In 2015, Huawei helped Nepal Government and telecom operators to quickly recover the network after the earthquake, made great contribution to the disaster rescue by making telecommunication smoothly. Huawei also helped the telecom operators to build the wireless base station site in Everest Base Camp, which help to connect the communication blind spot to the outside world completely. In the future, Huawei will continue to dedicate to Nepal, to bring more technology like 5G, cloud and AI to build a better Digital Nepal.

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