Annual Report

Huawei has released its 2020 Annual Report. Growth slowed, but the company’s business performance was largely in line with forecast.  Huawei’s sales revenue in 2020 rounded off at CNY891.4 billion, up 3.8% year-on-year,  and its net profit reached CNY64.6 billion, up 3.2% year-on-year.  Despite operational difficulties brought about by US sanctions in 2019 and 2020, Huawei …