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

Huawei 2016 Annual Report: Solid Growth and Sustained Investment in the Future
June 09, 2017
Business

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

Huawei 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...

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