We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Huawei Reports 2011 Revenue of $32.4 Billion as Company Embarks on Business Transformation

Increased investments in R&D, Enterprise and Consumer businesses buoy 11.7% growth in revenue year-on-year, with R&D investments up 34.2% to $3.76 billion


May 21, 2012 9:21 by

Huawei, a leading global information and communications technology (ICT) solutions provider, has released its audited full-year 2-11 financial results noting sales revenues of CNY 203.9 billion (US$32.40 billion)–an 11.7% growth over the previous year. Huawei also reported net profits of CNY 11.6 billion (US$1.85 billion) in line with the company’s revenue expectations.

Huawei continued to grow and consolidate its market presence globally in 2011, generating sales revenues of CNY 65.57 billion (US$10.43 billion) from the domestic Chinese market, up 5.5%; and recording sales revenues of CNY 138.4 billion (US$21.98 billion), an increase of 14.9%, from overseas markets.

Huawei’s 2011 business performance was buoyed by particularly impressive growth achieved by its Consumer and Enterprise business groups.

“In 2011, Huawei increased its investment in the enterprise and consumer business segments, and achieved all-around growth on the back of strong business momentum generated by the company’s successful transformation into a complete end-to-end ICT solutions provider,” said Mr. Ken Hu, Rotating and Acting CEO, Huawei. “We have made strategic investments, augmented our R&D capabilities and deployed these resources globally, and implemented a future-oriented business architecture that puts Huawei in a confident position for sustained growth.”

Huawei boosted its investment in R&D to CNY 23.7 billion (US$3.76 billion), a year-on-year increase of 34.2%. The significant commitment to innovation, which represents 11.6% of total annual sales revenues, is a core pillar of Huawei’s business strategy.


Leave a Comment