Huawei sales expected to grow 20%
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Huawei's chief financial officer Meng Wanzhou announced that profits from Huawei's main businesses in 2014 are expected to reach CNY33.9-34.3 billion, with a margin of 12% which is proportionately in line with 2013. Both cash flow from operating activities and asset to liability ratios remained stable and strong.
Each of Huawei's Carrier, Enterprise, and Consumer Business Groups recorded strong performances in 2014.
Revenue at Huawei's Carrier Network business increased by approximately 15%.
Huawei's Enterprise Business grew by around 27%. The business now serves more than 100 of the world's top 500 companies. Huawei also established strategic partnerships with leading enterprises including SAP and Accenture for joint innovation in areas including cloud computing and big data.
Finally, Huawei's Consumer Business recorded a revenue increase of around 32% year-on-year thanks to the higher sale of mid-range and high-end handsets within a rapidly growing smartphone market worldwide, with Huawei enjoying particularly strong growth in emerging markets.
According to Ms. Meng, two major reasons explain Huawei's steady global business growth in 2014. The first is the reinforcement of its core values being customer-centric, treating dedicated employees as the foundation, and commitment to dedication. The second is continuously implementing management and organizational transformation designed to improve efficiency and inspire passion across the organization. ■