Huawei announces solid business performance

Huawei released its 2019 Annual Report, detailing a solid business performance. The company's global sales revenue in 2019 rounded off at $123 billion, up 19.1 percent year-on-year; its net profit reached $9 billion; and its cash flow from operating activities topped $13.1 billion, up 22.4 percent year-on-year.
As part of a long-term, ongoing investment in technological innovation and research, Huawei invested 15.3 percent of its 2019 revenue - or approximately $18.8 billion - back into R&D. Its total R&D spend over the past decade now exceeds $85.9 billion.
"2019 was an extraordinary year for Huawei," said Eric Xu, Huawei's Rotating Chairman. "Despite enormous outside pressure, our team forged ahead with a singular focus on creating value for our customers. We worked hard to earn their respect and trust, as well as that of our partners around the globe. Business remains solid."-PR