Despite the adverse impacts of US sanctions and COVID-19 in its operations, Huawei sees a four percent increase in its sales revenues, reaching 135.5 billion dollars (CNY891.4) last year.
The company, which has released its audit report for 2020 yesterday, declared a net profit of 9.8 billion dollars (CNY64.6) during the same period, portraying a 3.2 percent annual increase.
"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 our forecast."
Having a presence in 170 countries and regions, the company, in its latest report, said it has 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 across the world.