Huawei 2011 Financials: Profit Down By 53 Percent, Sold 20 Million Smartphones

Posted on Apr 24 2012 - 10:12am by Editorial Staff

Huawei has released its audited full-year 2011 financial results, recording sales revenues of CNY 203.9 billion, an 11.7% growth over the previous year. The company also reported net profits of CNY 11.6 billion. These results were in line with company’s business revenue expectations. The company recorded sales revenues of CNY 44.6 billion in the consumer business, an increase of 44.3% over 2010. In particular, the Consumer business group saw robust growth in the smart devices segment, shipping close to 150 million units last year. The company’s Enterprise business group increased sales revenues by 57.1% year-on-year, generating CNY 9.2 billion in its first full year of operation as one of the company’s core business groups. The company continued to grow and consolidate its market presence globally in 2011, generating sales revenues of CNY 65.57 billion, up 5.5%, from the domestic market; and recording sales revenues of CNY 138.4 billion, an increase of 14.9%, from overseas markets.

“In 2011, Huawei increased its investment in the enterprise and consumer business segments, and achieved all-around growth on the back of strong business momentum generated by the company’s successful transformation into a complete end-to-end ICT solutions provider,” said Mr. Ken Hu, Rotating and Acting CEO, Huawei. “We have made strategic investments, augmented our R&D capabilities and deployed resources globally, and implemented a future-oriented business architecture that puts Huawei in a confident position for sustained growth.”

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