Huawei ekes out 3.8 per cent revenue growth for 2020 but overseas sales slump as US sanctions, pandemic take their toll

Source: South China Morning PostChinese telecommunications giant Huawei Technologies Co said its financial results in 2020 were “largely in line” with forecasts amid the global pandemic and intense pressure on its supply chain from US trade sanctions.Shenzhen-based Huawei reported on Wednesday 891.4 billion yuan (US$136.7 billion) in group revenue, up 3.8 per cent from a year ago, its slowest annual revenue growth in the past decade. Revenue from China accounted for 65.6 per cent of total sales, driven by a 15.4 per cent…Read More

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