Huawei 2011 financials: 20 million mobile phones sold yet profit down 53 percent

Huawei, a leading global information and communications technology (ICT) alternatives organization, these days released its audited full-year 2011 financial outcomes, producing revenue earnings of CNY 203.9 billion, an 11.7% development over the season before. Huawei also reported net profits of CNY 11.6 billion. These outcomes were in line with Huawei's organization revenue expectations.

Huawei's 2011 organization performance was buoyed by impressive development obtained by the Customer and Business organization categories. Huawei recorded revenue earnings of CNY 44.6 billion in the individual organization, an improve of 44.3% over 2010. In particular, the Customer organization team saw robust development in the smart devices section, shipping close to 150 million units last season. Huawei's Business organization team improved revenue earnings by 57.1% year-on-year, making CNY 9.2 billion in its first 12 months of operation as one of Huawei's primary organization categories.

Huawei grew even larger and settle its industry presence worldwide this year, making money earnings of CNY 65.57 billion, up 5.5%, from the domestic market; and producing revenue earnings of CNY 138.4 billion, an improve of 14.9%, from offshore markets.

"In 2011, Huawei improved its financial commitment in the enterprise and consumer organization sections, and obtained all-around development on the back of strong organization strength generated by the organization's successful modification into a complete end-to-end ICT alternatives organization," said Mr. Ken Hu, Spinning and Acting CEO, Huawei. "We have created strategic investments, enhanced our R&D abilities and integrated resources worldwide, and integrated a future-oriented organization structure that puts Huawei in a confident position for continual development."

Huawei increased its financial commitment in R&D to CNY 23.7 billion, a year-on-year improve of 34.2%. The significant commitment to advancement, which represents 11.6% of total yearly revenue earnings, is a primary main of Huawei's organization technique, which recognizes the organization positioning itself to power high-growth areas and industry development fundamentals for ongoing success.

Looking ahead, Huawei will funnel its organization focus and experienced corporate government structure to realize the opportunities presented by ICT unity. The organization will also improve its financial commitment in its cloud-pipe-device way to deliver on Huawei's promise of aiming providers, corporations and consumers with the tremendous possibilities of a connected world.

Huawei's full-year outcomes were separately audited by international accounting firm KPMG, and are outlined in the organization's 2011 yearly review. The review, which was created publicly available these days, can be found at [http://www.huawei.com/en/annualreport2011].