Huawei releases financial performance report 2012

Huawei has released its 2012 financial performance results. The earnings disclosure is part of Huawei’s ongoing commitment as a private employee-owned company to be more open and transparent with stakeholders.  The 2012 results audited by KPMG will be outlined in the company’s annual report, which will be released in April.

Cathy Meng, Chief Financial Officer at Huawei said, “The company achieved effective growth in 2012 by focusing on customers, streamlining management and improving efficiency.  Ms. Meng is positive about the industry’s future growth prospects.

Meng explained that Huawei’s success in 2012 can be attributed to maximizing value for the customer. “We insist on strictly controlling G&A expenses and allocate more resources to bolster the front line and ensure continuous improvements on customer delivery and service quality. In addition, Huawei continued its ongoing management transformation, raising combined operating efficiency with an integrated financial services program,” further Meng added.  

One of the key factors for Huawei’s success is that the individual interests of Huawei employees are combined with the company’s sustainable growth – meaning everyone works hard to ensure Huawei’s long-term development.  Huawei’s management team highly values integrity and self-discipline. The personal income of each member of the management team, from board members to middle-level managers, is limited to their salary, incentive bonus and stock dividends provided by the company, with policies to  ensure that no one in the company abuses their power for self-serving purposes.

The report further revealed that 66% of Huawei’s overall revenue came from outside China. Among the overseas revenue, the Asia-Pacific region saw revenue of CNY 37.4 billion, while Europe, Middle East and Africa recorded CNY 77.4 billion and the Americas contributed CNY 31.8 billion.  The domestic market China recorded CNY 73.6 billion.