| | Huawei Investment & Holding Co., Ltd. |
| | Summary Consolidated Statement of Profit or Loss and Other
Comprehensive Income |
| | (CNY million) | Note | 2019 | 2018 |
| | Revenue | 8 | 858,833 | 721,202 |
| | Cost of sales | | (536,144) | (443,031) |
| | Gross Profit | | 322,689 | 278,171 |
| | Research and development expenses | | (131,659) | (101,509) |
| | Selling and administrative expenses | | (114,165) | (105,199) |
| | Other income, net | 9 | 970 | 1,824 |
| | Operating profit | | 77,835 | 73,287 |
| | Finance income and expenses | 11 | 178 | 253 |
| | Share of associates’ and joint ventures’ results (post tax) | | 10 | 106 |
| | Profit before taxation | | 78,023 | 73,646 |
| | Income tax | 12 | (15,367) | (14,301) |
| | Profit after tax | | 62,656 | 59,345 |
| | Other comprehensive income
(after tax and reclassification adjustments)
Items that will not be reclassified to profit or loss: | 13 |
| | Re-measurement of defined benefit obligations | | 186 | (766) |
| | Equity investments at fair value through other
comprehensive income (FVOCI) – net change in
fair value | | 148 | (66) |
| | | | 334 | (832) |
| | Items that are or may be reclassified subsequently to
profit or loss: |
| | Non-equity financial assets at FVOCI – net change
in fair value and impairment loss | | (14) | 36 |
| | Translation differences on foreign operations | | 1,881 | 1,247 |
| | Equity-accounted investees – share of OCI | | 0 | (21) |
| | | | 1,867 | 1,262 |
| | Total other comprehensive income | | 2,201 | 430 |
| | Total comprehensive income | | 64,857 | 59,775 |
| | Profit for the year attributable to: |
| | Equity holders of the Company | | 62,605 | 59,227 |
| | Non-controlling interests | | 51 | 118 |
| | Total comprehensive income attributable to: |
| | Equity holders of the Company | | 64,806 | 59,656 |
| | Non-controlling interests | | 51 | 119 |
MaxZhou
HuaweiIncomeStatement.xlsx
