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| SOURCE: GOOGLE |
Despite US sanctions boosting business, Huawei earns $ 123 billion.
Huawei's revenue from China's largest technology company increased nearly 20 percent last year, despite US sanctions. Last year, Huawei's revenue stood at $ 123 billion, with profits worth $ 9 billion.
Huawei Technologies Ltd is accused of spying on the US government with its technology and technical equipment, and for this reason, the Trump administration has imposed various business sanctions on the company.
Huawei, however, denies the allegations against it and says the Trump administration has imposed sanctions on it to allow American telecom companies to provide indirect business protection.
Huawei reported on Tuesday, March 31, that its business grew 19.1 percent last year, compared to 2018, despite US sanctions.
What is also important about this company is that Huawei is the first global company to be very successful in China's technology, which is also the second-largest private smartphone manufacturer in the world after Samsung. According to Huawei, its revenue increased by nearly 20 percent to 858.8 billion yuan or $ 123 billion in 2000, with a net profit worth 5.6 percent or 62.7 billion yuan or nine billion US dollars. ۔
Worldwide sales of Huawei products have also recorded an increase of 19.5% over 2000 sales. Huawei founder Ren Zheng Fai said that in 2019, his company sold 240 million smartphones, and that number was 15 percent higher than a year earlier.
This great telecommunications company in China is also one of the leading companies in the world of Internet services and FiveG technology. The company has also begun to develop and offer its services to the US company Google. Huawei Services has more than 400 million users in 170 countries around the world at the end of last year.
In China alone, the company's workforce is close to 100,000,000, and in the case of shareholders, the number of Chinese citizens with proprietary rights to the company is about 100,000.
Source: DW
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