Press Release
Published: 29 Mar 2022, 06:36 pm
Pan Junfeng, CEO of Huawei Technologies (Bangladesh) Ltd. || Photo: Collected
Huawei released its 2021 Annual Report today, revealing that the
company had maintained solid performance throughout the past year and how
Huawei will move forward to leverage the ICT sector for the overall good.
An event has been organized in Dhaka yesterday on the occasion of
unveiling the annual report. The keynote address is delivered by Pan Junfeng,
CEO of Huawei Technologies (Bangladesh) Ltd.; Jason Lizongsheng, Bangladesh
Board of Directors; Kevin Xu, Chief Technical Officer; Yuying Karl, Director of
Public Affairs and Communications and other Huawei officials.
As per the report, Huawei achieved BDT 8.65 trillion (USD 99.97
billion) in revenue in 2021, and BDT 1.54 trillion (USD 17.85 billion) in net
profits, an increase of 75.9% year-on-year. The company's R&D expenditure
reached BDT 1.93 trillion (USD 22.40 billion) in 2021, representing 22.4% of
its total revenue, and bringing its total R&D expenditure over the past 10
years to over BDT 11.48 trillion (USD 132.66 billion). Moving forward, the
company also plans to continuously increase investment in R&D.
Huawei wants to work intensively on digital power and cloud.
Therefore, in the coming days, the company has adopted a plan to continuously
increase their investment in the research and development sector.
In this discussion with reporters, Pan Junfeng highlighted the
various contribution of Huawei in the following the dream of Digital
Bangladesh. He said, “Huawei has been working in Bangladesh for Bangladesh for
the last 23 years. During these years, Bangladesh has come a long way in the
field of information and communication technology and we are very happy to be
an active member of this transition. We want to work through innovation,
localization and collaboration in the immense potential of Bangladesh.”
Within this shot time, Huawei's cloud service ranks fifth globally
and third in China. Besides, Huawei is working in the digital power sector.
Huawei's Smart Photovoltaic Solution has been used at Mymensingh Solar Plant in
Bangladesh. This year, Huawei wants to provide even better support for these
sectors in Bangladesh.
On the other hand, Huawei has been working for many years to
create ICT talent in Bangladesh. In 2021, Huawei Bangladesh jointly launched a
new program called 'Bangladesh ICT Skills Competition' with Bangladesh ICT
Division.
Jason Lizongsheng said, “The ICT-based future will create many
needs for skilled youth in the world. One of the great strengths of Bangladesh
is the youth of this country. We want the youth of this country to create their
place in the world market and take Bangladesh forward with their skills and
great ideas. So, we have been working for many years to make the youth of this
country proficient in the ICT sector. By the year 2025, we have planned to make
about one lakh young people in South Asia skilled in ICT where many youths from
Bangladesh will be able to participate. This year more than six thousand young
talents from Bangladesh will get this opportunity.”
Meng Wanzhou, Huawei's CFO, also spoke at the event, "Despite
a revenue decline in 2021, our ability to make a profit and generate cash flows
is increasing, and we are more capable of dealing with uncertainty."
Thanks to the enhanced profitability of its major businesses, the company's cash flow from operating activities
dramatically increased in 2021. Its liability ratio also dropped to 57.8%, and
its overall financial structure has become more resilient and flexible.
In 2021, Huawei's carrier business generated BDT 3.82 trillion
(USD 44.19 billion) in revenue and helped carriers around the world deploy
leading 5G networks. Third-party test results have found that 5G networks built
by Huawei for customers in 13 countries, including Switzerland, Germany,
Finland, the Netherlands, South Korea, and Saudi Arabia, provide the best user
experience. By working with carriers and partners, Huawei has signed more than
3,000 commercial contracts for industrial 5G applications. These kinds of 5G
applications are currently seeing large-scale commercial use in sectors like
manufacturing, mines, iron & steel plants, ports, and hospitals.
Thanks to continuing digital transformation trends, Huawei's
enterprise business also grew rapidly. In the past year, Huawei launched 11
scenario-based solutions for key sectors such as government, transportation,
finance, energy, and manufacturing. The company also established multiple
dedicated teams, including a Coal Mine Team, a Smart Road Team, and a Customs
& Port Team, to combine resources in a way that more efficiently serves the
needs of its customers. Over 700 cities and 267 Fortune Global 500 companies
have chosen Huawei as their digital transformation partner and Huawei now works
with more than 6,000 service and operation partners around the world.
Huawei's consumer business zeroed in on consumer wants and needs,
further building out the global ecosystem for a smart, all-connected era, as
part of the company's Seamless AI Life strategy for consumers around the world.
This business generated BDT 3.30 trillion (USD 38.21 billion) in revenue in
2021 and continued to see steady sales growth in smart wearables, smart
screens, true wireless stereo (TWS) earbuds, and Huawei Mobile Services (HMS).
In particular, the smart wearable and smart screen segments both saw 30%+
year-on-year growth. In total, HarmonyOS was used in over 220 million Huawei
devices as of 2021, becoming the world's fastest growing mobile device
operating system.
During the past year, Huawei also focused on building out its
openEuler, MindSpore, and HarmonyOS ecosystems based on the principles of open
collaboration and shared growth. Over X million developers are currently using
Huawei's open platforms, open-source software, and development tools to explore
new business scenarios and business models.
Guo stressed, "Moving forward, Huawei will advance its
journey of digitalization, intelligent transformation, and low carbon. Relying
on talent, scientific research, and an innovative spirit, we will continuously
increase investment to reshape our paradigms for fundamental theories,
architecture, and software, and build our long-term competitiveness."
All financial statements in the 2021
Annual Report were independently audited by KPMG, an international Big Four
accounting firm. To download the 2021 Annual Report, please visit https://www.huawei.com/en/annual-report/2021.