Huawei’s 2015 profit grows 33% to $5.7b

Huawei has reported a 33% growth in net profit for 2015 on the back of strong performance across the vendor’s carrier, enterprise and consumer business groups.

The company’s net profit reached 36.9 billion yuan ($5.69 billion), with revenue increasing 37% to 395 billion yuan.

Revenue from Huawei’s carrier business group jumped 21% to 232.3 billion yuan, with 4G network rollout revenue accounting for a large portion of the annual growth.

Enterprise revenues meanwhile reached 27.6 billion yuan, up 44% year-on-year, while consumer revenue surged 73% to 129.1 billion yuan.

“In part, Huawei owes its long-term growth to the sheer size of the ICT market, which is the driving force of digital economies around the world. However, our growth is also a direct result of strategic focus and heavy investment in our core businesses,” Huawei rotating CEO Guo Ping said.

Huawei invested 59.6 billion yuan – or 15% of its annual revenue – in 2015 alone, he said. The company’s total R&D investment over the past decade exceeds 240 billion yuan.

“Over the next three to five years, we will concentrate on enhancing connectivity, enabling the development of vertical industries, and redefining network capabilities, working closely with our customers and partners to maximize industry development opportunities,” Ping said.