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22
Business Review 2015
In 2015, Huawei achieved significant results from its focus on the pipe strategy. The company achieved sustainable
growth in the carrier, enterprise, and consumer businesses. Its annual revenue totaled CNY395,009 million, a 37.1%
increase over the previous year.
Enterprise
Business
27,609
Consumer
Business
129,128
Carrier
Business
232,307
21.4%
72.9%
43.8%
59%
33%
7%
China
167,69 0
EMEA
128,016
Asia
Pacific
50,527
27.2%
54.3%
19.1%
Americas
38,976
26.4% 42%
32%
13%
10%
■ Thanks to carriers' massive 4G network rollouts,
explosive growth in the smartphone sector, and the
increased expertise of the Enterprise BG on industry
solutions, Huawei earned CNY167,690 million in
revenue in the Chinese market, up 54.3% year-on-
year.
■ Rapid growth in wireless and fixed networks and
increased share in the smartphone market yielded
CNY128,016 million for Huawei in Europe, the
Middle East, and Africa (EMEA), marking a 27.2%
increase in revenue over 2014.
■ Due in large part to infrastructure build-out in
markets such as India, the Philippines, and Thailand,
Huawei maintained its momentum in the Asia Pacific
Region to achieve CNY50,527 million in revenue, up
19.1% year-on-year.
■ In the Americas, carriers in Mexico, Argentina, Peru,
and other countries increased their investment in
communications networks. Huawei's smartphone
business also grew rapidly in the US market. These
factors enabled Huawei to earn CNY38,976 million
in revenue from this region, up 26.4% over 2014.
Over the next three to five years, Huawei's revenue is estimated to grow at a CAGR of over 10%.
CNY Million
2015 2014 YoY
Carrier Business
232,307 191,381 21.4%
Enterprise Business
27,609 19,201 43.8%
Consumer Business
129,128 74,688 72.9%
Others
5,965 2,927 103.8%
Total
395,009 288,197 37.1%
CNY Million 2015 2014 YoY
China
167,690 108,674 54.3%
EMEA
128,016 100,674 27.2%
Asia Pacific
50,527 42,409 19.1%
Americas
38,976 30,844 26.4%
Others
9,800 5,596 75.1%
Total
395,009 288,197 37.1%