Huawei’s global sales revenue in 2019 grows 19.1% YoY

Despite the US trade ban on Huawei, which restricted US companies from doing business with them, the Chinese company announced strong performance in 2019 with

global sales revenue of CNY 858.8 billion, growing at 19.1% year-on-year (YoY). The company’s net profit was CNY 62.7 billion and cash flow from operating activities was CNY 91.4 billion, an increase of 22.4% YoY.

The commercial roll out of 5G networks by Huawei’s carrier business in 2019 led to