Huawei released its financial report today, showing the company’s net profit soared to a record high of $17.8 billion. By comparison, the company’s 2020 net income was $10.1 billion. Growth for the year – an impressive 75.9%.
According to Meng Wanzhou, who is the chief financial officer of the company, the improvement in the profitability of the company’s core enterprises has increased operating cash flow in 2021 to $9.3 billion.
“Despite a decline in revenue in 2021, our ability to turn a profit and generate cash flow is growing and we are now better able to deal with uncertainty.”– she said.
“Overall, our performance was in line with the forecast. Our carrier business has remained strong, our corporate business has shown strong growth, and our consumer business has rapidly expanded into new areas. In addition, we have embarked on a path of rapid development of our ecosystem.”– said the rotating chairman of the Board of Directors of the company Guo Ping (Guo Ping).
Source: ixbt
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