Huawei 2012 reverses the situation with a net profit of 2.4 billion U.S. dollars

On January 5th, yesterday, Huawei's rotating CEO Guo Ping wrote “A year of great prosperity”. It was mentioned that Huawei will achieve sales revenue of more than 35 billion U.S. dollars in 2012 fiscal year, with a net profit of about 2.4 billion U.S. dollars. There was an increase of more than 10% year-on-year.

In the past 2012, affected by economic trends, the days of several major telecom equipment companies have not been very good and they are facing a dilemma of declining performance.

According to the article, Huawei achieved sales revenue of 32.7 billion U.S. dollars (approximately 203.9 billion yuan) in fiscal year 2011, and realized a net profit of 1.87 billion U.S. dollars (approximately 11.65 billion yuan), a year-on-year decrease of 51%.

Huawei CEO Guo Ping predicts that Huawei will have sales revenue of more than 35 billion U.S. dollars in 2012 fiscal year, with a net profit of about 2.4 billion U.S. dollars, an increase of more than 10% year-on-year.

This means that Huawei's net profit for fiscal year 2012 will increase by 28.3% over the same period of last year. Not only has it not declined, but it has also reversed the downward trend in the previous fiscal year.

Compared with Huawei, other major telecom equipment companies are incapable. Ericsson’s net profit fell by 64% and 42% in the second fiscal quarter and third quarter, respectively, while Alcatel-Lucent lost 146 million euros in the third quarter. In the third quarter, it lost 1.7 billion yuan, down by 259% year-on-year.

If it is expected to be true, Huawei will bring a new life to the decadent telecommunications industry.