Huawei pays out $9.65 billion in dividends to current and retired staff
SHANGHAI (Reuters) – Huawei Applied sciences paid out dividends totalling 61.404 billion yuan ($9.65 billion) to present and retired staff in its worker shareholder scheme, in response to a submitting with the Shanghai Clearing Home.
Some 131,507 present and former staff are concerned within the shareholder scheme, in response to the corporate’s 2021 annual report launched final week. The corporate is personal and wholly owned by its staff, it stated.
The submitting, revealed on Saturday, doesn’t break down the dividend distribution.
It comes as U.S. sanctions proceed to weigh closely on Huawei’s enterprise, with full-year income tumbling 29% final yr to 636.8 billion yuan.
Web revenue jumped by a report 76% to 113.7 billion yuan, however that was primarily because of the sale of its budget-brand smartphone unit Honor and server companies underneath U.S. strain.
The USA imposed a sequence of commerce restrictions on Huawei all through 2019 and 2020, citing nationwide safety considerations, which Huawei denies.
The restrictions impeded Huawei’s skill to design its personal chips and to supply elements from exterior distributors, crippling its smartphone companies.
Guo Ping, Huawei’s present rotating chairman, stated final week that the corporate nonetheless hopes to discover a resolution to maintain its smartphone division and can ramp up funding in analysis searching for microchip “breakthroughs” after dropping entry to sure superior applied sciences due to U.S. sanctions.
(Reporting by David Kirton; Modifying by Jacqueline Wong)
