Huawei 2021 Annual Report: Solid operations, investing in the future

Meng Wanzhou, Huawei's CFO,
speaking at the press conference

Huawei released its 2021 Annual Report on March 28th, revealing that the company had maintained solid operations throughout the past year. As per the report, Huawei achieved CNY636.8 billion in revenue in 2021, and CNY113.7 billion in net profits, an increase of 75.9% year-on-year. The company's R&D expenditure reached CNY142.7 billion in 2021, representing 22.4% of its total revenue, and bringing its total R&D expenditure over the past 10 years to over CNY845 billion. Moving forward, the company also plans to continuously increase investment in R&D.

Bocsh Grew by 35% in 2015!

Bosch, a leading global supplier of technology and services, closed its 2015 fiscal year with USD 50 million (45 million euros) in consolidated sales in the Philippines. Compared to the previous year, the company achieved a strong double-digit growth of over 35 percent, marking the second consecutive year in which the Philippines was one of the fastest-growing markets for Bosch in Southeast Asia. This momentum was driven by a strong performance across the company’s diverse portfolio of products offered in the country and particularly related to power tools, security systems, and the automotive aftermarket business. Furthermore, Bosch’s Drive and Control business division officially commenced operations in the Philippines in April 2015. Over the course of the year, Bosch increased its workforce in the Philippines by over 50 percent to around 460 associates.

“Along with our expansion efforts in the Philippines, I am confident that our strength in innovation will continue to drive our growth”, said Andrew Powell, managing director of Bosch in the Philippines. “It is a very exciting time to be in Southeast Asia right now, particularly with the Philippines contributing strongly to Bosch’s growth in the region.”