Huawei's total revenue in 2020 was $136.7 billion, up 11.2 percent, Yicai.com reported, adding that the Chinese technology giant's profit rose 10.4 percent to $9.9 billion last year.
"Huawei's global financial settlement system is real-time, and the above figures have not been approved by an accounting firm," the report said, citing people close to Huawei.
Huawei has two annual disclosure points for its financial data, one is an unapproved internal real-time tally at the beginning of January, which facilitates statistics on the performance of each division. The other is approved and then disclosed as required for listed companies, even though it is unlisted, according to the report.
In addition, Huawei last week set a stock dividend for 2020 of RMB 1.86 ($0.29) per share, compared with RMB 2.11 for 2019, according to Jiemian.com.
Huawei has an all-employee stock ownership system, with participants being company employees only. With 194,000 employees, Huawei's pay per employee is close to RMB 700,000.
And the total number of Huawei shares is now over 20 billion, which means that the amount of Huawei's dividend exceeds RMB 40 billion.
Huawei has deployed 5G demonstration applications in more than 20 industries and signed more than 1,000 5G industry application contracts, Huawei Managing Director and President of Branding BG said at MWCS 2021 on February 8, adding that 5G to B will enter the first year of commercial scale in 2021.
In the next phase, Huawei will make full use of its capabilities in ICT technologies such as AI, cloud, 5G, and computing to provide scenario-based solutions and develop industry applications in conjunction with partners.
Branding BG, Huawei's key business, achieved sales revenue of RMB 296.7 billion in 2019, and the business is seen as one of the drivers of Huawei's performance as the commercial value of 5G is fully rolled out.