Huawei earnings jumps 25% on strong smartphone sales

Huawei Technologies, China’s biggest telecom equipment and smartphone maker, today published its 2018 annual report.

In 2018, Huawei’s revenue reached 721.2 billion yuan, an increase of 19.5% from a year earlier. Net profit was 59.3 billion yuan, represented a year-on-year increase of 25.1%.