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China’s Huawei says 2021 revenues down almost 30%, sees challenges head -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO A Huawei logo can be seen at Mobile World Congress in Shanghai (China) February 23rd 2021. REUTERS/Aly SONG/File photo

BEIJING, (Reuters) – Huawei Technologies Co Ltd, a Chinese telecoms equipment company, is expecting full-year revenue to drop nearly 30% for 2021, despite being under severe sanctions from the United States. It also predicted that there would be continued difficulties in 2019.

Guo Ping, rotating chairman of Guo Ping stated in Friday’s New Year Letter to Employees that the total 2021 revenue was 634 billion Yuan ($99.48 Billion).

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