HONG KONG, Aug. 20 /PRNewswire-Asia/ -- Amidst the global economic slowdown, Huawei has maintained its robust growth momentum. According to the company's internal consolidated sales data, its contract sales in the first half of 2009 totaled USD $15.7 billion, up 28% year-on-year. Of the 2008 Global Top 500 companies, the 500th player posted annualized revenue of USD $18.572 billion, while Huawei registered revenue of USD $18.329 billion, just one step away from Top 500 status. It is noteworthy that the growth rate of Huawei's 2008 annual turnover was a substantial 42.7%. Various signs indicate that Huawei is a great candidate for this year's Global Top 500 companies.
Having fully utilized China's R&D and manufacturing advantages, will Huawei, the Global Top 500 hopeful, continue its robust growth?
Among its Chinese counterparts who are also marching towards the Global Top 500, Lenovo China is struggling to maintain its position as the fourth biggest PC manufacturer in the world; Haier is seeking to upgrade itself into a service-oriented enterprise. Huawei, with its rich entrepreneurial culture that few Chinese enterprises can match, is maintaining a world-class standard in the telecommunication area, holding the largest number of patents in the world in 2008. Empowered by "technology-driven development" and "quality service," it has put equal emphases on R&D and the market, swiftly translating its technology into products and further spreading them out to consumers, thus seizing the market ahead of others by its business acumen and fast response, finally occupying a commanding height. That might be the reason behind Huawei's outperforming Lenovo and Haier.
Fairtheword.com notes that Huawei's fast growth is also attributable to its mastering of both technology and the market. Started as a telephone exchanger producer, it has been growing its footprint steadily, breaking the technological monopoly by several big players in the international telecom arena through technology innovation. In addition, Huawei has positioned itself as more than a mere manufacturer: It has embraced the vision of making strategic moves by weighing both its products and the end market, thus becoming a holistic solutions provider. This could inspire other Chinese enterprises -- evolving from a manufacturer to developer and manufacture, to brand holder, service provider and industry-wide solution provider.
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