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

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

[Shenzhen, China, March 31, 2017] 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).

2017/03/31