Huawei's sales last year were driven by its two biggest businesses — ICT infrastructure and consumer — which together account for around 82% of the company's total revenue.
Revenue at the ICT infrastructure division, which includes its carrier business, rose 4.9% year-on-year to 369.9 billion yuan. This is the Shenzhen headquartered-firm's biggest business by revenue. Huawei is one of the world's largest telecommunications equipment companies and the company said large-scale deployment of next-generation 5G networks had helped drive growth.
The company also said that 2024 was the first year of commercial deployment of next-generation networks, dubbed 5.5G or 5G advanced, which also helped give sales a boost.