Huawei: Financial Report for 2019: “Overseas smartphones” sluggish
Huawei: (Huawei)
On March 31, a financial report for 2019 was announced.
The U.S. government added Huawei to the entity list in May 2019.
Since then, this is the first annual achievement.
Sales: 88.8 billion yuan (13 trillion yen), up 19.1% from the previous year,
Net profit: 62.7 billion yuan (950 billion yen), up 5.6%
increased sales and profits.
Quarterly results: October-December 2019
Huawei is a privately held company, but publishes its quarterly results.
Revenue increased by 7.73% year-on-year to 248 billion yuan (3.75 trillion yen), “the lowest growth rate in the quarter of 2019″
January-March: Sales growth of 39%,
April to June: Sales growth rate 12.83%,
July-September: Sales growth of 26.74%
as a result,
Full-year sales growth: down 0.4 points from 19.5% in 2018.
Full year net profit growth: down sharply from 25.1% in 2018.
FY2019: Financial Results Briefing: Huawei Chairman / Xu Naojun:
At an online earnings briefing, overseas markets / mobile devices / sales were down by $ 10 billion (¥ 1.5 trillion) due to the impact of US export regulations.
R & D investment has been significantly increased to replace American products that cannot be procured.
The primary goals for 2020 are:
“X2020 will be a harsher year than ever for Huawei,” says Xu.
In the first half of 2019, “No sanctions had been imposed yet and no new Corona epidemic had occurred.”
“Zinxin” China Biz & Tech | Toyo Keizai
https://toyokeizai.net/articles/amp/341779?display=b&_event=read-body
Huawei’s 2019 sales top JPY13 trillion, setting a new record-TechCrunch Japan