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Huawei Revenue In 2020 Is Still Remarkable Despite Ban: 136.7 Billion U.S. dollars

According to China Business News, citing the Huawei’s internal financial system statistics, in 2020, Huawei’s total revenue reached USD 136.7 billion, an increase of 11.2%, and profits reached USD 9.9 billion, an increase of 10.4%.

It should be noted that people close to Huawei stated that “Huawei’s global financial settlement system is real-time on the same day, and the above data has not been verified by an accounting firm.

If this year is calculated at a price of 1.86 yuan per share, this time the dividend will exceed 40 billion yuan. And if 100,000 employees can receive dividends, each Huawei employee can get 400,000 in dividends.

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As we all know, Huawei is a company with shareholding by 100% of employees. The equity is roughly divided into two parts. One is Huawei’s labour union, which includes directors and collective employees, holding 98.99% of the company’s shares; the second is Ren Zhengfei, who owns 1.01% of the shares. But Huawei’s shares have three characteristics:

1. All employee shares are held by the Huawei labour union. Note: Huawei labour union is a national-level labour union organization.

2. The stocks held by employees are virtual stocks, that is, they only enjoy the right to dividends, without voting rights or ownership.

3. Ren Zhengfei has the right to veto, but not the right to make decisions.

Web Desk is the news author at Research Snipers which mainly covers Technology News, Microsoft News, Google News, Facebook, Apple, Huawei, Xiaomi, and other tech news and served by Research Snipers Staff and editors.

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