Huawei Technologies Co, China's largest telecommunications networking and equipment manufacturer, released its 2010 annual financial report on April 10. The report said its sales revenues in 2010 reached 185.2 billion yuan (US$28.32 billion), second only to global market leader Ericsson Mobile Communications AB.
According to China News Services, judging by its financial report, Huawei's efforts in expanding into overseas markets have achieved significant results, with its telecom network services, global services and terminal equipment business continuing their rapid growth.
At the end of 2010, Huawei had deployed 80 SingleRAN networks, including 28 LTE commercial networks, which have already received 47 management service contracts. Last year, Huawei also shipped 120 million devices around the world.
Out of Huawei's sales revenue of 185.2 billion yuan (US$28.32 billion) in 2010, 64.77 billion yuan (US$9.9 billion) came from the domestic market -- 9.7% higher than the previous year; and 120.4 billion yuan (US$18.41 billion) from overseas markets, which was up 33.8% from 2009.
Its overseas revenue accounted for 65% of total revenue.
The report said Huawei was continuing its leading role in the North African market and had the largest share of the network equipment market in West Africa. Meanwhile, it was also experiencing strong growth in the Asia-Pacific market. Demand for its products and services in Europe was expanding significantly as well.
Telecom networks, services and devices are Huawei's three major businesses. In 2010, its telecom network posted year-on-year growth of 2% in total revenue to 122.9 billion yuan (US$18.79 billion), while its services revenue registered a 28.6% year-on-year increase to 31.5 billion yuan (US$4.82 billion).
Huawei deputy chairman Ken Hu said the company expects to continue its pace of growth in 2011.
In a related development, Song Liuping, chief legal officer of the company, said that despite a failed attempt to acquire 3Leaf Systems, Huawei remained keen on an US acquisition and sees the United States as a key market for purchasing patents.
Since 2001, Huawei has suffered numerous setbacks in its plan to expand into the North American market, where it has so far completed deals with small wireless operators.
From 2001, Huawei has repeatedly been accused of stealing trade secrets from US companies, including Cisco and Motorola, and suffered failures in its acquisition plans in North America.
The company abandoned its plans to acquire 3COM and Sprint Nextel in 2008 and 2010 respectively because of objections by the US government on national security grounds.
The company plans to spend about US$220 million this year on patent licensing, roughly the same as last year, Song said.