Chinese leading global information and communications technology (ICT) solutions provider Huawei has forecast a compound annual growth rate of 10% in the next five years.
 
The company recorded sales revenues of CNY220.19 billion and net profit of CNY15.38 billion in 2012.
 
“In 2012, Huawei met business performance expectations through improved operational efficiency,” said Guo Ping, Huawei’s Rotating and Acting CEO.
 
He said that telecom networks are yet to meet the requirements for ubiquitous connections - zero wait time, ultra broadband, and smart applications.
 
“In the future, ICT will continue to grow, with new opportunities coming from cloud computing, BYOD (Bring Your Own Device), and big data, and feature phones being replaced by smartphones at a faster rate.
 
Huawei said thart it will continue to focus on its pipe strategy, integrate and develop businesses around the information pipe, and create value for customers, while achieving sustainable and effective growth.”
 
Huawei’s business demonstrated robust growth across all three of its business groups (BGs). The Carrier Network BG maintained its leadership position, achieving CNY160.1 billion in sales revenue, an increase of 6.7% year-on-year. The Enterprise BG continued to grow in the Chinese market and actively expanded internationally, achieving CNY11.5 billion in sales revenue, a 25.8% increase from the previous year.
 
The Consumer BG's global sales revenue reached CNY48.4 billion, an increase of 8.4% year-on-year. Rapid growth in Europe, the Middle East, and Africa (EMEA) contributed record regional sales revenue of CNY77.4 billion, an increase of 6.1% year-on-year. In the Asia Pacific region, sales revenue was CNY37.4 billion, an increase of 7.2% year-on-year; in the Americas, sales revenue was CNY31.8 billion, an increase of 4.3% year-on-year. Huawei generated CNY73.6 billion revenue from China, an increase of 12.2% year-on-year.
 
In 2012, Huawei invested CNY30.09 billion, or 13.7%, of its total sales revenue into research and development (R&D). The company has established 16 R&D centers and 28 joint innovation centers across the world.
  
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