Huawei Technologies paid out dividends totalling 61.404 billion yuan ($9.65 billion) to present and retired workers in its worker shareholder scheme, based on a submitting with the Shanghai Clearing Home.
Some 131,507 present and former staff are concerned within the shareholder scheme, based on the corporate’s 2021 annual report launched final week. The corporate is non-public and wholly owned by its employees, 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.
Internet revenue jumped by a document 76% to 113.7 billion yuan, however that was primarily because of the sale of its budget-brand smartphone unit Honor and server companies beneath U.S. stress.
The USA imposed a sequence of commerce restrictions on Huawei all through 2019 and 2020, citing nationwide safety issues, which Huawei denies.
The restrictions impeded Huawei’s capacity to design its personal chips and to supply parts 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 answer to maintain its smartphone division and can ramp up funding in analysis looking for microchip “breakthroughs” after shedding entry to sure superior applied sciences due to U.S. sanctions.
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