Huawei Technologies

   Top Tech 2006 Award Logo

Often seen as the upcoming challenger to the fortunes of incumbents such as Nokia, Motorola and Alcatel, Huawei Technologies is not the least fazed by the consolidation taking place in the telecoms equipment market.

The Chinese telecoms equipment maker, blessed with low-cost labor and talented people, has been able to give the Western brand names a run for their money. Analysts have pointed out that competition from Chinese companies, convergence, and the propensity to buy from a single vendor have led to the recent mergers and acquisitions taking place in the telecoms industry.

Zhao Ming, director of Huawei's Shanghai Research Institute, welcomed the competitive environment, noting that this will lead to a healthier industry. "This will also allow Huawei to be stay on pulse of things and improve its technology," he told ZDNet Asia on the sidelines of the 3GSM World Congress Asia in October this year.

Also, there is a common misconception that Chinese manufacturers often produce low-quality goods, a mindset which Huawei is striving to correct.

"When we entered the global market, innovation is our topmost priority," Zhao said, adding that Vodafone found Huawei's products to be of a high quality. Most importantly, Huawei's solutions have helped Vodafone lower the total cost of ownership.

This company is listed in Networking & Communications.

Financials
Fiscal year-end December FY06 FY05 FY04 FY03 FY02
Global full-year
revenue (US$millions)
5,982.0 3,827.0 2,694.0 2,128.0
Global full-year net
income (US$millions)
681.0 624.0 384.0 108.0

Average year-on-year revenue growth over 4 years 41.65 %
Average year-on-year net income growth over 4 years 109.06 %
Percentage of revenue from Asia
Percentage of Asian revenues from channel

Operations:
Founded China/1988
First Asian office Outside of China, Huawei's first Asian office was set up in Hong Kong, 1996
Global employees 44,000
Employees in Asia 2,200
Asian countries:
Total 10
China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand, Vietnam
Notes * Data correct as at September 2006. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites, and Hoover's. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities.

ZDNet Asia's Top Tech Index will be next updated in 2008.


ZDNet Asia Top Tech categories
Systems | Networking and communications | Storage management | Security | Software Infrastructure | Services | Business applications | Internet services



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