Huawei reaffirms commitment to creating greater value for customers and society in the face of adversity
Huawei released its 2020 Annual Report stating that growth slowed, but the company’s business performance was largely in line with forecast. Huawei’s sales revenue in 2020 rounded off at CNY891.4 billion, up 3.8% year-on-year, and its net profit reached CNY64.6 billion, up 3.2% year-on-year.
Despite operational difficulties brought about by US sanctions in 2019 and 2020, Huawei has continued to invite KPMG to independently and objectively audit our financial statements. The document produced by KPMG is a standard unmodified audit opinion. No matter the circumstances, we will continue to embrace transparency by disclosing operational data to governments, customers, suppliers, employees, and partners.
In 2020, Huawei’s carrier business continued to ensure the stable operations of more than 1,500 networks across more than 170 countries and regions, which helped support telework, online learning, and online shopping throughout COVID-19 lockdowns. Working together with carriers around the world, the company helped provide a superior connected experience and moved forward with more than 3,000 5G innovation projects in over 20 industries like coal mining, steel production, ports, and manufacturing.
Global deal activity declined by 4.5% in February 2021
A total of 5,013 deals (mergers & acquisitions, private equity and venture financing) were announced globally during February 2021, which is a month-on-month decline of 4.5% over the 5,247 deals announced during January, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although some countries are showcasing improvement in deal-making sentiments, market conditions still remain volatile in some of the key markets. In fact, the decline in February is primarily attributed to the subdued deal activity in the US and China.”
An analysis of GlobalData’s Financial Deals Database reveals that North America accounted for the highest share of deal volume in February followed by Europe, Asia-Pacific, Middle East and Africa, and South and Central America. While North America and Europe witnessed decline in deal volume by 12.7% and 1.8%, respectively, Asia-Pacific, Middle East and Africa, and South and Central America registered growth in deal activity by 3.9%, 24.8% and 32.6%, respectively.
