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Evening Standard

Business

Bradley Gerrard

Huawei’s sales dented by ‘extremely challenging’ sanctions but profits rise

Huawei Meng Wanzhou United States

Huawei’s Meng Wanzhou speaking at the launch of annual results
(Picture: Huawei)

Chinese mobile and internet giant Huawei has suffered a nearly 30% drop in sales as US sanctions and crackdowns in countries including the UK and much of Europe weighed on the firm.

Sales fell 28% to $99.8 billion in 2021 but operating profits jumped by three-quarters to $17.1 billion.

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