Huawei full-year 2013 net profit up 34.4% year-on-year

Huawei has released its audited 2013 financial results delivering record sales revenues and net profit. Huawei’s financial performance was strong across all business areas in 2013, achieving steady growth and sales revenues of US$39.4 billion, up 8.5 per cent year-on-year or 11.6 per cent if measured in US dollars, and net profit of US$3.4 billion.

In 2013, Huawei’s carrier network business delivered US$27.4 billion in sales revenue, up four per cent year-on-year. Sales revenues of the enterprise and consumer businesses increased significantly in 2013, by 32.4 per cent and 17.8 per cent to US$2.5 billion and US$9.4 billion, respectively.

Huawei earned 65 per cent of its revenue from markets outside of China in 2013. In the Chinese market, the company achieved US$13.8 billion in sales revenues, up 14.2 per cent year-on-year. On the local level Huawei Middle East is headquartered in Bahrain and has offices across 10 countries with around 4,000 employees—of whom over 60 per cent are local hires. All three of Huawei’s main business groups—carrier network, enterprise and consumer—are active in the region.

In 2013, Huawei invested approximately US$5.06 billion into R&D, which equates to approximately 12.8 per cent of its sales revenue.

In 2014, the technology provider sees the growing penetration of ultra-broadband and mobile broadband, particularly LTE, as an important strategic opportunity. Smart devices will be another key area for the company as they become more and more of an intrinsic necessity to "digital natives" and extensions of people’s sensory systems.