Dhaka, April 1 -- Huawei released its 2019 Annual Report on Tuesday in Shenzhen, China, detailing a solid business performance.
The company's global sales revenue in 2019 rounded off at CNY858.8 billion (USD 123 billion), up 19.1% year-on-year; its net profit reached CNY62.7 billion (USD 8.83 billion); and its cash flow from operating activities topped CNY91.4 billion (USD 12.88 billion), up 22.4% year-on-year. As part of a long-term, ongoing investment in technological innovation and research, Huawei invested 15.3% of its 2019 revenue - or CNY131.7 billion (USD 18.5 billion) - back into R&D. Its total R&D spend over the past decade now exceeds CNY600 billion.
"2019 was an extraordinary year for Huawei," said Eric Xu, Huawei's Rotating Ch...