Ken Hu, Huawei’s rotating chairman, speaking at the media briefing on March 31, maintains that the company is sticking to its strategic direction of providing connectivity and computing capabilities.
Huawei Technologies has reported earnings of RMB64.6 billion ($13.26 billion) for year ended Dec 2020, up 3.2%. Revenue in the same period was up 3.8% y-o-y to RBM891.4 billion.
Evidently, the US sanctions and the economic impact of the pandemic have hurt Huawei’s business this past year. In the preceding five years, Huawei’s compounded annual growth rate for both its revenue and earnings have been around 14%.
