Huawei said it was “out of crisis mode” as it posted a small increase in annual revenue, adding it was making headway with replacing components affected by sanctions.
Browsing: Ren Zhengfei
Ren Zhengfei has told employees the company must shift its focus from pursuing scale to ensuring profits and cash flow.
Huawei almost doubled its R&D budget over the past five years to $22.1-billion in 2021 – more than any company in the world outside America.
Huawei Technologies on Monday reported asset sale gains helped lift profit 76% in 2021, its biggest-ever annual gain.
Huawei has gained strength through the years of US sanctions and is now aiming to lead the race in next-generation technologies after 5G, founder Ren Zhengfei said.
Huawei saw its revenue drop by almost a third in the first half of 2021, with US sanctions hobbling its once-dominant handset business and new business areas still in their early stages.
Huawei will launch its new Harmony operating system for smartphones on 2 June, its biggest move yet aimed at recovering from the damage done by US sanctions to its mobile phone business.
Huawei founder Ren Zhengfei has called on the company’s staff to “dare to lead the world” in software as the company seeks growth beyond the hardware operations that US sanctions have crippled.
Huawei Technologies’ quarterly earnings shrank for a second straight quarter after US sanctions devastated the embattled Chinese tech giant’s smartphone business.
Huawei Technologies’ quarterly revenue shrank for the first time on record, reflecting the devastating impact of US sanctions on China’s largest technology company.