Dhaka : Huawei has released its 2020 Annual Report, closing the year with a business performance in line with forecast. The company’s global sales revenue in 2020 rounded off at BDT 11 lakh 53 thousand crore, up 3.8% year-on-year, and its net profit reached BDT 83 thousand 500 crore, up 3.2% year-on-year.
“Over the past year we’ve held strong in the face of adversity,” said Ken Hu, Huawei’s Deputy Chairman. “We’ve kept innovating to create value for our customers, to help fight the pandemic, and to support both economic recovery and social progress around the world. We also took this opportunity to further enhance our operations, leading to a performance that was largely in line with forecast. Despite a challenging business environment, we remained committed to a globalized and diversified supply chain – one that doesn’t rely on any single country or region, but instead makes use of global resources to ensure supply continuity.”
In 2020, Huawei’s carrier business continued to ensure the stable operations of more than 1,500 networks across over 170 countries and regions throughout COVID-19 lockdowns, which helped support telework, online learning, and online shopping for people around the world. Working together with carriers, the company helped provide a superior connected experience. According to 5G experience tests conducted by multiple third-party organizations in major cities around the world, Huawei-built 5G networks ranked first for user experience on carrier networks. The company also worked with carriers worldwide to implement more than 3,000 5G innovation projects in over 20 industries like coal mining, steel production, ports, and manufacturing.
Over the past year, Huawei’s enterprise business stepped up efforts to develop innovative scenario-based solutions and create a digital ecosystem “of all, by all, and for all”. During the pandemic, Huawei provided technical expertise and solutions that proved vital in the fight against the virus. One example is an AI-assisted diagnostic solution based on HUAWEI CLOUD that helped hospitals the world over reduce the burden on their medical infrastructure. Huawei also worked with partners to launch cloud-based online learning platforms for more than 50 million primary and secondary school students.
All financial statements in the 2020 Annual Report were independently audited by KPMG, an international Big Four accounting firm. To download the 2020 Annual Report, visit www.huawei.com/en/press-events/annual-report/2019 (to be updated)
For details: Tanvir Ahmed, Senior Media Manager, Huawei Technologies (Bangladesh) Limited.
Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – Huawei is committed to bringing digital to every person, home, and organization for a fully connected, intelligent world.
Huawei’s end-to-end portfolio of products, solutions, and services are both competitive and secure. Through open collaboration with ecosystem partners, Huawei creates lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.
At Huawei, innovation focuses on customer needs. Huawei invests heavily in basic research, concentrating on technological breakthroughs that drive the world forward. It has more than 194,000 employees and operates in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.
As a localized leading global ICT solutions provider, over the last 21 years, Huawei has been working closely with the ICT industry, telecom operators & local partners to fulfill the dream of ‘Digital Bangladesh’ by bringing technical benefits to the people as well as contributing to the society with different CSR programs. Huawei is in Bangladesh, for Bangladesh! This is Huawei’s call to action in Bangladesh, a way of thinking and a way of life that is built on collaboration.
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