Featured

Huawei declares 10.2% net profit margin in Q1 to Q3 2021

Published

4 years ago

December 12, 2021

Huawei has released its business results for the first three quarters of 2021. According tho the tech giant, it generated CNY455.8 billion (approx. $71bn) in revenue, and its net profit margin was 10.2% during the period.

“Overall performance was in line with forecast,” said Guo Ping, Huawei’s Rotating Chairman. “While our B2C business has been significantly impacted, our B2B businesses remain stable. Through our ongoing commitment to innovation, R&D, and talent acquisition, and rigorous attention to operating efficiency, we are confident we will continue to create practical value for our customers and the communities in which we work.”

“We would like to thank our customers and partners for their ongoing trust and support,” continued Guo. “With their collaboration, and the excellent work and dedication of our Huawei team across the globe, we will together use digital technology to drive a greener, intelligent world.”

In his keynote speech at the Huawei Global Analyst Summit last April, Huawei Rotating Chairman Eric Xu said: “We have spent a long time reviewing and adjusting our business portfolios and are confident in our ability to survive and do so sustainably.

There is currently a lot of growth momentum in the Chinese economy, and overseas markets are gradually recovering from COVID-19. We believe deeply in the power of digital technology to provide fresh solutions to the problems the world is facing right now. So we will keep innovating and driving digital transformation forward with our customers and partners to speed up the arrival of a fully connected, intelligent world.”

Speaking on Huawei’s new Digital Power business line, Xu added at the Huawei Connect event in September 2021, “Using technology innovation to help different sectors reduce carbon emissions is not a new strategy. It’s something we have been working on for years.

ICT is expected to help other industries cut carbon emissions by 12.1 billion tons by 2030. That is roughly 10 times the amount emitted by the ICT industry itself. Huawei’s share in global ICT infrastructure currently stands at more than 30% as a major supplier of ICT infrastructure.

“We have always believed that the biggest value that Huawei can bring to advance the green agenda is to use continuous technology innovation to help all industries reduce their energy consumption and achieve low-carbon development. This is a strategy we were committed to in the past and a strategy we will stay true to in the future.”

“Within this context, we are stepping up efforts in one particular area, which is digital power. We want to bring together digital technology and power electronics, and ‘use bits to manage watts’ as we say at Huawei. We believe this will allow us to contribute more to power savings in data centers, ICT infrastructure, among others,” Xu noted.

On talent development, Xu added: “If Huawei is to survive, we must tackle many technical issues and achieve many things. To do this, we will need top talent. They have a major role to play as we overcome these challenges. Therefore, we are embracing top talent from around the world, with open arms, so that they can help us tackle these technical hard nuts one after another. This way, we will survive. Our approach is to keep bringing talented people on board from around the world. If we stick to this approach, it’s likely that we will be able to survive.”

Share on Facebook

Featured

Nigeria’s Historic Bid for the 2030 Commonwealth Games: A Call for National and Global Support

Published

6 days ago

September 30, 2025

The Gleamer

Joel Ajayi

Nigeria is poised to make history as it seeks to host the Centenary Commonwealth Games in 2030, a monumental opportunity that promises to transform the nation’s economy, infrastructure, and global standing.

More than a sporting spectacle, the Games would serve as a catalyst for development across multiple sectors, leaving behind a legacy of national pride and sustainable growth.

The benefits of hosting the Games extend far beyond the sports arena. Nigeria stands to gain both empirical and non-empirical advantages, with direct, indirect, and induced impacts that will touch every corner of society. Infrastructural development will take center stage, with new facilities such as indoor sports halls, conference centers, and improved road networks reshaping urban landscapes while strengthening the nation’s capacity to host future international events.

Economic growth is another significant dividend. Over 10,000 jobs are expected to be created, spanning construction, facility management, event planning, and tourism services.

The hospitality industry will undergo major improvements as hotels and resorts are upgraded to meet international standards, while local restaurants, lounges, and tourist attractions will see a surge in patronage from international visitors. Small and medium enterprises, particularly in the transport, finance, and food service sectors, will become some of the greatest beneficiaries, as the Games generate new demand and expand opportunities for local businesses.
The Commonwealth Games will also accelerate the growth of Nigeria’s sports industry.

Investments in training facilities, coaching, and talent development will inspire a new generation of athletes, ensuring long-term benefits that extend beyond 2030, a major focus of the President Bola Tinubu administration.
At the same time, the process of preparing for the Games will create opportunities for Nigerians to learn new crafts, acquire technical skills, and engage in global-standard event management, thereby strengthening human capacity and innovation across industries.

Mallam Shehu Dikko, Chairman of the Nigeria Sports Commission, and Hon. Bukola Olopade, the Director General, have been widely recognized for their tireless and visionary leadership in repositioning Nigeria’s sporting sector.

Their commitment to facilitating infrastructural development and strengthening grassroots sports development has laid the foundation for Nigeria’s bold bid to host the 2030 Commonwealth Games. Under their leadership, the NSC is fostering strategic partnerships and driving innovation in sports administration, they have demonstrated the nation’s readiness to stage an event of such global magnitude.

Beyond the tangible gains, the hosting of the 2030 Commonwealth Games carries profound symbolic value. It would be a moment of unity and pride, a chance for Nigeria to showcase its cultural richness, resilience, and excellence to the world.
As a centenary edition, the Games would stand as a historic milestone not just for the Commonwealth but for Nigeria itself, cementing its place on the global stage as a capable, ambitious, and forward-looking nation.

The gains from hosting the Commonwealth Games can never be undermined or overemphasized. This is Nigeria’s time to step forward and show the world our resilience, and excellence. We call on every Nigerian, across sectors and communities, to support this noble aspiration.

Nigeria’s pursuit of the 2030 Commonwealth Games is a vision for transformation, a blueprint for national development, and a legacy project that will inspire generations to come.

Share on Facebook