Although it is not a listed company, Huawei recently released its annual report for the second consecutive year, which reported actual sales revenue of $12.56 billion in 2007, a 48 percent increase from last year.
The numbers mean Huawei has become the world's fifth communications equipment manufacturers, ranking below Cisco Systems, Ericsson, Alcatel-Lucent and Nokia Siemens.
Huawei's income exceeded that of Nortel, which makes a reported $10.95 billion in actual sales revenue.
The report shows that Huawei's contract sales in 2007 reached $16 billion, up 45 percent from the previous year, and that the ratio of international market sales income reached 72 percent.
Huawei's executive management team said one of the reasons the company can maintain such growth is that?it maintained a 150 percent increase in developed markets, such as Europe, Japan and the United States.
Developed markets have always posed most challenging for Chinese telecommunications enterprises to succeed in. Huawei's rapid growth in this area means the company is gradually finding its way into the mainstream of global equipment manufacturers.
Huawei's data says that the company provides telecoms network equipment to 35 of the world's top 50 telecom operators.
For more details, please read the full story in Chinese (http://www.china-cbn.com/s/n/000004/20080710/020000083324.shtml).
(China.org.cn by Dong Qingpei, July 10, 2008)
