17 years ago, Huawei CEO Ren Zhengfei that "10 years later, world telecommunications industry will be divided into three, Huawei will account for one." From the chase to follow and then to go beyond, and now, Huawei has finally achieved that goal. Scale according to income calculation, Huawei has successfully established itself as the world's second-largest equipment manufacturers.
Today, Huawei officially announced the audited results for 2009, annual report, Huawei 2009 global sales of 149.1 billion yuan (about 21.8 billion U.S. dollars), up 19%. 14.1% operating margin, net profit of 18.3 billion yuan, net profit margin of 12.2%.
It is worth noting, Huawei released the 2008 profit was 11.5 billion U.S. dollars, in accordance with the 2009, 18.3 billion yuan (about 2.68 billion U.S. dollars) in net terms, in 2009 net profit increase of more than 100%.
Sales of 10 billion U.S. dollars in China
Despite the international financial crisis over the past year so that the overall economic situation is more complicated, but the filing shows Huawei's operating cash flow reached 21.7 billion yuan, up 237% year on year. Able to adverse economic situation, they still maintain the cash flow of this magnitude, it is not easy.
Huawei insiders said net profit growth to achieve a substantial benefit in a variety of factors, in addition to the growth of the business itself, has the obvious benefit to enhance operational efficiency: 2009 Love is the cost rate has dropped 1.4 percent; inventory turnover days Xiajiang 10 days; should the number of days of payment, accounts receivable decreased by 2 days, and sales growing faster than the growth in accounts receivable; by strengthening the foreign exchange risk management, foreign exchange gains in 2009 to achieve 1.6 billion yuan, compared with growth of 6.9 billion yuan in 2008.
In addition, the benefit from the 3G development in China, Huawei Technologies in China to achieve 2009 sales of 10 billion U.S. dollars contract to obtain the largest market share in China's 3G market. At present, Huawei's WCDMA network in China Unicom and China Telecom's CDMA2000 EV-DO network equipment market, ranked first, China Mobile TD-SCDMA network equipment in more than 30% market share, ranking second.
In the context of the global economic downturn, Huawei to further increase R & D investment, R & D expenditures in 2009 reached 13.3 billion yuan, an increase of 27.4%. Huawei's R & D accounted for 46% of the total number of companies in the United States, Germany, Sweden, Russia, India and China, and established 17 research institutes.
As of end of 2009, Huawei's total patent applications reached 42,543, of which international patent applications ranks second in the world. Moreover, Huawei services of the 50 operators have 36 years from 2008 up to 45.
20% growth this year is expected to remain
