Huawei sounded a cautiously optimistic note on its future as the slide in the Chinese technology group’s business under US sanctions started to slow.
Total revenue for 2021 was expected to hit Rmb634bn ($99.5bn), the company said on Friday. That represented a 29 per cent drop compared with 2020, but a slight improvement on the third quarter, when revenues were 38 per cent lower than a year earlier.
“2022 will come with its fair share of challenges, but we will keep working closely with our global partners to overcome the difficulties we face, improve business performance and strengthen our foundations,” said Guo Ping, the company’s rotating chair, in a new year’s message.
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