(Reuters)  said on Tuesday that its full-year revenue would likely jump 18% in 2019 to 850 billion yuan ($121.72 billion), lower than its earlier projections, as a U.S. trade blacklisting curbed growth and disrupted its ability to source key parts.

The world’s biggest maker of telecom network equipment and the No. 2 manufacturer of smartphones in May from doing business with U.S. companies, .

The U.S. government alleges Huawei equipment poses national security risks because it could be used by the Chinese government to spy on users. Huawei has repeatedly denied that its products are a security threat.

Huawei’s rotating chair Eric Xu revealed the numbers in a New Year’s message to employees and customers, in which he also forecasted 2020 to be a “difficult

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