Founded in 1987, Huawei is a leading global provider of information and communications

       
Huawei Investment & Holding Co., Ltd.
Summary Consolidated Statement of Profit or Loss and  
Other Comprehensive Income
(CNY million)
Note
2020
2019
Revenue
8
891,368
858,833
Cost of sales
(564,236)
(536,144)
Gross profit
327,132
322,689
Research and development expenses
(141,893)
(131,659)
Selling and administrative expenses
(113,430)
(114,165)
Other income, net
9
692
970
Operating profit
72,501
77,835
Finance income and expenses
11
(367)
178
Share of associates’ and joint ventures’ results (post tax)
170
10
Profit before tax
72,304
78,023
Income tax
12
(7,655)
(15,367)
Profit for the year
64,649
62,656
Other comprehensive income (after tax and 
reclassification adjustments)
13
Items that will not be reclassified to profit or loss:
Re-measurement of defined benefit obligations
3
186
Equity investments at fair value through other 
comprehensive income (FVOCI) – net change  
in fair value
2,344
148
2,347
334