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

We promote industry development. 
Huawei advocates 
openness, collaboration, and shared success. Through joint 
innovation with our customers and partners, we are expanding 
the value of ICT to foster a healthy and symbiotic industry 
ecosystem. Huawei is an active member of more than 600 
standards organizations, industry alliances, and open source 
communities, where we work with our peers to develop 
mainstream standards and drive the industry forward.
We enable sustainable development. 
Huawei is committed to 
bridging the digital divide and promoting digital inclusion. We 
have helped connect places as remote as the highest peaks of 
the Himalayas and the frigid depths of the Arctic Circle. We are 
keenly aware of the importance of telecommunications during 
emergency situations. In response to catastrophic events like 
earthquakes, floods, conflicts, and public health emergencies, 
our people on the ground hold fast to restore communications 
networks in affected areas and ensure the reliable operations of 
essential telecoms equipment. To further promote sustainability, 
we prioritize a low-carbon footprint and environmental 
protection. We are also helping develop the next generation of 
local ICT talent to boost the digital economy.
Message from the Rotating Chairman
Business Highlights in 2020
Five-Year Financial Highlights
Message from the Chairman
02
06
07
08
135
148
150
165
11
14
80
81
132
Industry Trends
Management Discussion and Analysis
Independent Auditors’ Report
Consolidated Financial Statements 
Summary
Risk Factors
Corporate Governance Report
Creating Social Value
Sustainable Development
Abbreviations, Financial Terminology, 
and Exchange Rates
Contents

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02
       
Huawei Investment & Holding Co., Ltd.
Message from the Rotating Chairman
Needless to say, 2020 was an extraordinary year. 
According to WHO, more than 100 countries went on 
lockdown last year, a degree of social distancing the 
likes of which the world has never seen. This has had 
a huge impact on both our lives and the economy.
At Huawei, for the past year we’ve held strong in the 
face of adversity. We have kept innovating to create 
value for our customers, to help fight the pandemic, 
and to support both economic recovery and social 
progress.
We also took this opportunity to further enhance 
operations. As a result, our business performance was 
largely in line with forecast. Despite a challenging 
business environment, Huawei has remained 
committed to a globalized and diversified supply 
chain – one that doesn’t rely on any single country 
or region, but instead leverages global resources to 
ensure supply continuity.
As a member of the ICT community, we have been 
doing everything we can to support the ongoing 
fight against the pandemic. We continue to work 
closely with our customers to ensure the stable 
operations of more than 1,500 networks across over 
170 countries and regions, and have been actively 
using ICT technology to assist the pandemic response 
in local communities. As part of our commitment 
to multilateral international cooperation, we are 
working closely with local governments, community 
organizations, international organizations, and our 
customers and partners to protect the health and 
safety of the people we serve.