Huawei, a leading global information and communications technology (ICT) solutions provider, today welcomed over 140 industry analysts to its headquarters in Shenzhen, China for its 10th annual Global Analyst Summit. Over the past decade, the summit has become a platform for Huawei to share updates on its financial performance as well as its business and solution strategies, providing an invaluable opportunity for the industry’s best minds to discuss developments and trends that impact the ICT industry. The telecommunications industry has experienced significant transformations over the last 10 years and Huawei has lead the industry in using the momentum generated by these transformations to innovate and create value for its customers and the industry as a whole. ‘Make it Possible,’ this year’s summit theme, demonstrates Huawei’s commitment to helping its customers achieve business success and realize endless possibilities.
“Despite challenging global economic conditions, Huawei achieved robust growth in 2012 through intense customer focus and improved operational efficiency. We enjoyed steady revenue development, recording sales of CNY220 billion, as well as net profit of CNY15 billion. In the next five years, we expect to realize a compound annual growth rate of 10{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3}. At the summit, we shared our insights into developments in the ICT industry, the opportunities these developments will present Huawei, and our strategies for reaching the Company’s growth targets over the next half decade,” said CT Johnson, Huawei’s Corporate Controller.
With the advent of a new digital revolution, intelligent infrastructure will drive ICT technological advancement and users will increasingly demand and expect access to high bandwidth with zero wait time. As ICT convergence continues and information technology advances rapidly, mobile communications will become one of the key drivers of economic growth, introducing billions of people to the infinite possibilities of a connected lifestyle.
“The world today is experiencing an unprecedented rate of change. More than six billion subscribers had been connected to each other and these connections have changed every aspect of our lives and our work. The ICT industry is still innovating rapidly. New trends such as mobility, cloud computing, big data, and social networking are guiding this industry towards a new competitive landscape. In addition, digitalization is taking place at a significant level in the real world. The Internet of Things (M2M), e-commerce, and digital media are driving massive changes in many traditional industries. Consequently, the tight integration of the digital and physical worlds is not only energizing global economic development, it is also significantly changing the ways we live and work. A digital society comprised of digital citizens and digital enterprises is taking shape. These trends will lead to huge transformations in both the ICT industry and society as a whole,” said Will Zhang, President of Huawei’s Corporation Strategy Department.
Moving forward, Huawei is committed to being a key strategic partner for its customers in the carrier market. Through vertical integration and continuous investment in cloud operating systems and SoftCOM, Huawei will maintain its leadership position in network equipment. Huawei will also strive for operational excellence by capitalizing on opportunities presented by the increased demand for professional services, carrier data center integration and cloud services. Huawei will adhere to an integration strategy in the enterprise business field. The Company will focus on developing partnerships and providing its partners with the industry’s most competitive products in the areas of cloud computing, data center solutions, and storage. Huawei is also committed to becoming a world-leading smart device brand in the consumer market by delivering a consistently superior customer experience.
Huawei believes that the summit provides analysts with valuable insights into its strategies for the future as well as the Company’s plans for continuing to create business opportunities for its customers and partners.
