Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Huawei rises to world's No. 5 telecom equipment maker
Adjust font size:

Although it is not a listed company, Huawei recently released its annual report for the second consecutive year, which reported actual sales revenue of $12.56 billion in 2007, a 48 percent increase from last year.

The numbers mean Huawei has become the world's fifth communications equipment manufacturers, ranking below Cisco Systems, Ericsson, Alcatel-Lucent and Nokia Siemens.

Huawei's income exceeded that of Nortel, which makes a reported $10.95 billion in actual sales revenue.

The report shows that Huawei's contract sales in 2007 reached $16 billion, up 45 percent from the previous year, and that the ratio of international market sales income reached 72 percent.

Huawei's executive management team said one of the reasons the company can maintain such growth is that it maintained a 150 percent increase in developed markets, such as Europe, Japan and the United States.

Developed markets have always posed most challenging for Chinese telecommunications enterprises to succeed in. Huawei's rapid growth in this area means the company is gradually finding its way into the mainstream of global equipment manufacturers.

Huawei's data says that the company provides telecoms network equipment to 35 of the world's top 50 telecom operators.

For more details, please read the full story in Chinese (http://www.china-cbn.com/s/n/000004/20080710/020000083324.shtml).

(China.org.cn by Dong Qingpei, July 10, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Huawei invites buyers for stake sale in cell phone unit
- Huawei seeks to expand services in East Africa
- Huawei becomes largest telecom solutions supplier in Bangladesh
Most Viewed >>
- Foreign investors drawn to real estate
- Regulator to raise stocks threshold
- MA600 rolls off line in Xi'an on Sunday
- Kai-Fu Lee sets out Google China's 2008 roadmap
- Many Chinese exporters now turning to imports
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?