From June 9, Optical Keyhole:
5) Huawei Technologies reports 2007 revenues of $12.6bn, up 47.7%, for net income of $674m
July 8th Huawei Technologies has released its 2007 annual report included the following profit and loss specifics and balance sheet items based on IFRS accounting principles:
1. Revenues in 2007 of $12.560 billion compared to sales of $8.504 billion in 2006, an increase of 47.7%.
2. Gross profit in 2007 of $4.262 billion or 33.9% of revenue, up 38.4% compared to gross profit of $3.080 billion or 36.2% of revenue in 2006.
3. Net income in 2007 of $674 million or 5.4% of revenue, up 31.6% compared to net income of $512 million or 6.0% of revenue in 2006.
4. Operating profit percent of 7% in 2007, unchanged on 2006.
5. Cash and cash equivalents at December 31, 2007 of $1.686 billion, up $636 million over 12 months compared to the same measurement at December 31, 2006 of $1.056 billion.
6. Finished goods inventory at the end of 2007 of $721.665 million, up 57% compared to finished goods inventory at the end of 2006 of $459.576 million.
7. “Goods delivered but not completely installed” at the end of 2007 of $679.578 million, up 47.1% compared with a valuation for the same category at the end of 2006 of $461.988 million.