Chinese vendor Huawei recorded revenues of CNY858.8 billion ($123 billion) in 2019, up 19.1% year-on-year, while its net profit reached CNY62.7 billion, up 5. 6% versus 2018, the company said in its annual report.
Huawei invested 15.3% of its 2019 revenue – or CNY131.7 billion – back into R&D.
Revenue from China increased 36.2% to CNY506.7 billion, accounting for 59% of Huawei’s total revenues, with EMEA (24% of the total) flat at CNY206 billion. Revenues in Asia Pacific (8.2 %) declined 13.9% to CNY70.5 billion, while revenues in the Americas (6.1%) increased 9.6% to CNY52.5 billion.
