Chinese telecommunications equipment giant Huawei's financial results for the past year showed that its final profit was 2.4 times that of the previous year due to the strong performance of its smartphone business, and it was a significant increase despite the continued strict regulations imposed by the US government. .
According to the financial results for last year announced by Chinese telecommunications equipment giant Huawei on the 29th, sales were 704.1 billion yuan, or over 14.7 trillion yen in Japanese yen, an increase of 9.6% compared to the previous year. .
In addition, final profit was 86.9 billion RMB, or over 1.8 trillion yen in Japanese yen, a significant increase of 2.4 times from the previous year.
Huawei has been struggling in its mainstay smartphone business due to semiconductor export restrictions imposed by the U.S. government, but last year it released a new product equipped with Chinese-made semiconductors and said to have improved communication performance. As a result, sales of businesses such as smartphones increased by more than 17% compared to the previous year.
In addition, sales in the automobile-related business increased approximately 2.3 times, boosting profits.
Huawei Rotating Chairman Hu Houkun commented, ``We have been through a lot over the past few years, but we have managed to grow despite the challenges that come one after another.''