The world’s leading ICT solutions, equipment and services provider is going to disclose its annual business report of 2020 the day after tomorrow, on March 31. The company is going to share the report in a global online press conference from Shenzhen, China. Media people, analysts, its partners and customers, and interested people can join the press conference virtually on different official social media platforms of this company.
In an announcement of this upcoming press conference, Huawei has shared that despite the difficulties and challenges posed by a complex international environment and COVID -19, it has achieved steady business performance and continued to create customer and social value.
As per the last annual report, Huawei earned USD 123 bl in 2019 ensuring 19.1% YoY growth from 2018. And company’s global revenue for the first half of 2020 was rounded off at USD 69.4 bl, up 13.1% year-on-year, with a net profit margin of 9.2%.
This private company, wholly owned by its employees, believes that 30 years of heavy investment in R&D, its focus on customer needs, and the dedication of its 190,000+ employees have been key reasons for success over years. Over the past 30-plus years, it has invested 10% to 15% of its annual revenue into R&D. In 2018 alone, its R&D spending reached 15 billion US dollars, making Huawei the fifth largest R&D spender worldwide according to the 2018 EU Industrial R&D Investment Scoreboard.
Huawei, has recorded its biggest ever annual jump in the number of patents it owns last year and consequently become one of the world’s largest patent holders surpassing all its contenders in the market.
By the end of 2020, Huawei held over 100,000 active patents in more than 40,000 patent families worldwide, up from just over 85,000 active patents at the end of 2019. This is the company’s biggest ever annual increase in terms of patent ownership.
And recently, Global TD-LTE Initiative (GTI) chose Huawei for the 2021 Market Development Award for its 5G Private Network for Hualing Xianggang project, recognizing Huawei’s outstanding contributions to the promotion of scaled commercial development and industry maturity of 5GtoB.
Over 700 cities and 228 Fortune Global 500 companies have already chosen Huawei as their digital transformation partner.
People who are interested in the 2020 Annual Report Conference can join the event through Huawei Bangladesh official Facebook page – www.facebook.com/HuaweiTechBD at 2pm Bangladesh time.
Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – Huawei is committed to bringing digital to every person, home, and organization for a fully connected, intelligent world.
Huawei’s end-to-end portfolio of products, solutions, and services are both competitive and secure. Through open collaboration with ecosystem partners, Huawei creates lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.
At Huawei, innovation focuses on customer needs. Huawei invests heavily in basic research, concentrating on technological breakthroughs that drive the world forward. It has more than 194,000 employees and operates in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.
As a localized leading global ICT solutions provider, over the last 21 years, Huawei has been working closely with the ICT industry, telecom operators & local partners to fulfill the dream of ‘Digital Bangladesh’ by bringing technical benefits to the people as well as contributing to the society with different CSR programs. Huawei is in Bangladesh, for Bangladesh! This is Huawei’s call to action in Bangladesh, a way of thinking and a way of life that is built on collaboration.