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China's Huawei says 2021 revenues down almost 30%, sees challenges head

Reuters
Reuters
 2021-12-31

BEIJING, Dec 31 (Reuters) - Chinese telecoms equipment giant Huawei Technologies Co Ltd, battered by U.S. sanctions, expects full-year revenue for 2021 to decline nearly 30% and predicted continued challenges in the New Year.

Total 2021 revenue is expected to be 634 billion yuan ($99.48 billion), rotating chairman Guo Ping said in a New Year letter to employees on Friday. (Reporting by Sophie Yu, Tony Munroe; Editing by Neil Fullick)

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