Huawei is the leading manufacturer of equipment for next-generation 5G mobile networks [File: Sergio Perez/Reuters]
China’s Huawei Technologies Ltd, the biggest global maker of network equipment for phone and internet companies, reported its 2018 sales surged past $100bn despite US warnings to other governments that its telecom technology is a security risk.
“Moving forward, we will do everything we can to shake off outside distractions, improve management and make progress towards our strategic goals,” rotating chairman Guo Ping said on Friday.
Last year, global sales rose 19.5 percent over 2017 to 721.2 billion yuan ($105.2bn), according to Guo.
Huawei said its net profit grew 25 percent last year amid a global US campaign to blacklist the telecom giant over espionage fears. Net profit rose to