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Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. The company is committed to bringing digital to every person, home, and organization for a fully connected, intelligent world. It has 197,000 employees and operates in over 170 countries and regions, serving more than three billion people around the world.

Huawei Telecommunications India Private Limited
April 1 2020–March 1, 2021. In FY21, Huawei Telecommunications India Private Limited had an annual revenue of ₹3703.6 crore, from ₹6658.9 crore in FY20. The net profit for FY21 was ₹125.2 crore, in comparison to ₹249.5 crore in FY20. Earnings per equity share was ₹208.67 in FY21, and ₹415.86 in FY20. During the financial year, the Board of Directors declared and paid a final dividend of ₹500 per equity share aggregating to ₹300 crore on equity share capital of the company. The company’s foreign exchange earnings were ₹2069.05 crore and foreign exchange outgo ₹2143.38 crore. Installation of industrial machinery and equipment contributed 28.46 percent and retail sale of telecom (traded goods) contributed 65.92 percent to the total turnover of the company.

During the financial year, Feng Tian and Xianli Cao were appointed as additional directors of the company with effect from April 6, 2020. Jinge Li and Qiuen Peng had resigned from the Board on April 6, 2020. Xiongwei Li was appointed as additional director of the company with effect from May 18, 2020, and Mingjie Chen had resigned from the Board on May 18, 2020.

Huawei Telecommunications India Pvt. Ltd.

Standalone financial results
Profit and loss statement (₹ crore)
Particulars April 2020-
March 2021
April 2019-
March 2020
Revenue from operations 3,611.2 6,581.3
Other income 92.4 77.6
Total income 3,703.6 6,658.9
Total expenditure 3,449.3 6,192.7
Net profit 125.2 249.5
Total comprehensive income of the year 126.5 248.3
Balance sheet (₹ crore)
Assets April 2020-
March 2021
April 2019-
March 2020
Total non-current assets 3,611.2 6,581.3
Total current assets 92.4 77.6
Total assets 3,703.6 6,658.9
Equity and liabilities 92.4 77.6
Total equity 3,703.6 6,658.9
Total equity and liabilities 3,703.6 6,658.9
EPS diluted (₹) 3,703.6 6,658.9
Foreign exchange earnings ₹2069.05 crore 6,658.9
Foreign exchange outgo ₹2143.38 crore 6,658.9
Ministry of Corporate Affairs, Govt of India

Huawei Telecommunications India Pvt. Ltd.

Consolidated income statement


CNY million 2020 2019 YoY
Revenue 8,91,368 8,58,833 3.80%
Gross profit 3,27,132 3,22,689 1.40%
Profit for the year 64,649 62,656 4.00%
Total operating expenses 2,54,631 2,44,854 4.00%
Operating profit 72,501 77,835 (6.90)%
Net finance expenses (367) 178 (306.20)%
Income tax (7,655) (15,367) (50.2)%
Net profit 64,649 62,656 3.2%
Consolidated balance sheet


CNY million 2020 2019
Current assets 6,91,394 7,03,893
Non-current assets 1,85,460 1,54,768
Total assets 8,76,854 8,58,661
Total equity 3,30,408 2,95,537
Total liabilities 5,46,446 5,63,124
Total equity and liabilities 8,76,854 8,58,661
EPS diluted (₹) 3,703.6 6,658.9

Huawei Investment & Holding Co. Limited
January-September 2021. During this period, Huawei generated revenue of CNY 455.8 billion (USD 70.44 billion), a sizeable 32 percent decline year on year over 2020, and its net profit margin was 10.2 percent. During the same period, in 2020, Huawei generated CNY 671.3 billion (USD 98.57 billion) in revenue. The company’s net profit margin in this period was 8.0 percent.

January–December 2020. In 2020, Huawei’s annual revenue reached CNY 891,368 million, a 3.8 percent year-on-year (YoY) increase. Net profit grew slightly less, 3.2 percent YoY, to CNY 64,649 million. This is attributable to two factors – the enterprise business maintained steady growth thanks to the digital transformations in multiple industries and as investment increased in future-oriented research and innovation, branding, and ecosystem building, total operating expenses as a percentage of revenue increased slightly. In 2020, the company’s R&D expenses as a percentage of revenue increased by 0.6 percentage points YoY. However, selling and administrative expenses as a percentage of revenue declined by 0.6 percentage points as certain business activities like business trips and exhibitions were cancelled due to COVID-19. Net finance expense in 2020 amounted to CNY 367 million, a YoY increase of CNY 545 million. Due to currency fluctuations in emerging markets, net foreign exchange losses increased by CNY 298 million in 2020.

Huawei Investment & Holding Co., Ltd.

By segment
CNY million 2020 2019 YoY
Carrier Business 8,91,368 8,58,833 3.80%
Enterprise Business 3,27,132 3,22,689 1.40%
Consumer Business 64,649 62,656 4.00%
Others 2,54,631 2,44,854 4.00%
Total 72,501 77,835 (6.90)%
By region
CNY million 2020 2019 YoY
China 5,84,910 5,06,733 15.40%
EMEA 1,80,849 2,06,007 (12.20)%
Asia Pacific 64,369 70,533 (8.70)%
Americas 39,638 52,478 (24.50)%
Others 21,602 23,082 (6.40)%

As of December 31, 2020, the balance of cash and short-term investments reached CNY 357,366 million, down 3.7 percent YoY. Huawei’s trade receivables balance was CNY 75,026 million, a YoY decrease of 12.0 percent. Thanks to faster payment collection, DSO was reduced to 52 days, 6 days faster than in 2019. The balance of inventories and other contract costs climbed to CNY 167,667 million, a YoY increase of 0.2 percent, and ITO reached 107 days, four days faster than in 2019. Trade payables balance dropped to CNY 74,865 million, a 44.8-percent YoY decrease, and DPO reached 48 days, 43 days faster than in 2019. Total short-term and long-term borrowings amounted to CNY 141,811 million, an increase of 26.4 percent YoY, as of December 31, 2020.

Sales Financing. With its global coverage, Huawei’s sales financing team maintains close contact with customers to understand their financing needs and taps into a wide range of financing resources around the world. To transfer risks, Huawei arranges for third-party financial institutions to provide sales financing, such as export credit facilities, leasing, and factoring. Huawei has established systematic financing policies and project approval processes to strictly control financing-risk exposures. Huawei only shares risks with financial institutions on certain projects, and measures and recognizes the risk exposures to ensure that business risks are under control.

Business highlights include driving ubiquitous connectivity, enabling pervasive intelligence as a One-stop AI-development platform ModelArts 3.0 and the industry’s first full-lifecycle knowledge computing solution to accelerate AI adoption in industries was launched and building a digital platform as Huawei CLOUD and Intelligent Twins.

In November 2020, Huawei Technologies had to sell its Honor smartphone business to a consortium of more than 30 companies, since the budget brand needed help to maintain access to vital components and supplies amid a US crackdown.

A newly formed entity, dubbed Shenzhen Zhixin New Information Technology Co. Ltd., was formed and Huawei does not hold any shares nor is it involved in any business management or decision-making activities. By spinning off Honor into an independent entity, the sub-brand can retain access to vital components to sustain the business. Most Honor smartphones are assembled by China-based companies Huaqin Technology and Wingtech Technology, which also supply Xiaomi, Acer,
and HTC.

Huawei believes deeply in the power of digital technology to provide fresh solutions to the problems we all face. In 2021, it continued to push the boundaries of technology, driving digital transformation forward with customers and partners. The attempt is to create digital technology that makes lives better, makes businesses more intelligent, and makes society more inclusive, ultimately bringing Huawei closer to a fully connected, intelligent world.

Guo Ping
Rotating Chairman,

“Overall performance in the nine months of 2021 was in line with the forecast. While our B2C business has been significantly impacted, our B2B businesses remain stable. Through our ongoing commitment to innovation, R&D, and talent acquisition, and rigorous attention to operating efficiency, we are confident we will continue to create practical value for our customers and the communities in which we work.

With the collaboration, ongoing trust, and support of our customers and partners, and the excellent work and dedication of our Huawei team across the globe, we will together use digital technology to drive a greener, intelligent world.”

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