Huawei re­ports 34 per­cent in­crease in profit

China Daily (Canada) - - NEWSCAPSULE -

China’s Huawei Tech­nolo­gies Ltd, the world’s No 2 telecom­mu­ni­ca­tions equip­ment maker, re­ported its fastest profit growth in four years as ex­pan­sion in en­ter­prise and con­sumer rev­enue far ex­ceeded growth in its net­work build­ing di­vi­sion.

In 2013, net profit rose 34.4 per­cent to 21 bil­lion yuan ($3.38 bil­lion), the com­pany said. Op­er­at­ing profit was 29.1 bil­lion yuan, com­pared with the com­pany’s fore­cast range of 28.6 bil­lion yuan to 29.4 bil­lion yuan.

The com­pany has ben­e­fited from com­pa­nies in­vest­ing heav­ily in cloud and mo­bile com­put­ing, while it has shipped so many mo­bile hand­sets that it be­came the world’s third-big­gest smart­phone man­u­fac­turer last year.

Huawei is look­ing for rev­enue from Chi­nese mo­bile phone oper­a­tors switch­ing to fourth­gen­er­a­tion net­works to cush­ion a slow­down in net­work spend­ing abroad.

XIN­HUA

A woman gets off a bus on Tues­day in Shang­hai with the help of her guide dog. Reg­u­la­tions on the pro­tec­tion of dis­abled people took ef­fect this week in Shang­hai, and in­clude al­low­ing guide dogs to en­ter pub­lic places and be on pub­lic tran­sit.

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