Huawei profits hit $60.8 billion in 2015

Huawei announced Friday its financial results for 2015. In a full detailed report included that its Carrier, Enterprise, and Consumer Business Groups (BGs) all achieved strong year-on-year growth. The three BGs generated CNY 395 billion (US$60.8 billion) in annual revenue worldwide, an increase of 37 percent YoY. Net profit was CNY 36.9 billion (US$5.7 billion), up 33 percent YoY.

In 2015, Huawei’s three business segments experienced significant growth:

The Carrier BG generated CNY 232.3 billion (US$35.8 billion) in annual revenue, up 21 percent YoY. Widespread rollout of 4G networks accounted for a large portion of this growth.

The Enterprise BG generated CNY 27.6 billion (US$4.3 billion) in annual revenue, an increase of 44 percent YoY. In particular, Huawei’s enterprise business experienced rapid growth in the public safety, finance, transportation, and energy sectors.

A major highlight of the company’s performance in 2015, Huawei’s Consumer BG reported CNY 129.1 billion (US$19.9 billion) in annual revenue, up 73 percent YoY. This increase was a direct result of increased demand for high-quality products that deliver a premium user experience, as well as Huawei’s growing influence as a consumer brand.

Over the past 20-plus years, Huawei has remained focused on ICT infrastructure, steadily investing in R&D. In 2015 alone, Huawei invested 15 percent of its annual revenue – CNY 59.6 billion (US$9.2 billion) – in research and development. Huawei’s total R&D investment over the past decade exceeds CNY 240 billion (approximately US$37 billion).

Huawei’s 2015 Annual Report is based on financial statements audited independently by KPMG, an international accounting firm.