Huawei Revenue Up 22.4% in 2024

Despite U.S. sanctions, China’s Huawei had $118.6 billion in revenue last year, up 22.4%, the company said in its annual report released this week. Profit declined 28% to $62.6 billion. “In 2024, the global economy and international trade remained sluggish,” it said. “The rise of protectionism and trade barriers continued to disrupt the global trade order and undermine the stability of global value and supply chains.” But Huawei also saw positive signs for the global economy. “In 2024, overall global trade increased slightly, and the global economy remained resilient,” the report said.