- In 2021, Huawei brought in revenue of 636.8 billion Chinese yuan ($99.9 billion), a 28.5% year-on-year decline. That is the first yearly decline in revenue based on publicly available reports.
- Huawei’s net income surged 75.9% year on year to 113.7 billion yuan as it focused on boosting profitability.
- Huawei’s business has been hurt by U.S. sanctions which have sought to cut it off from key software and components like semiconductors.
Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued to hurt the company.
But the Chinese technology giant’s income surged last year as it focused on boosting profitability.
“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,” Huawei’s chief financial officer, Meng Wanzhou, said in a statement.