Huawei NZ CEO’s solar-powered plan to return to profit

Yanek Fan said the next five years will be tough for Huawei in New Zealand.

Mon, 19 Apr 2021

Huawei New Zealand posted a loss of $712,424 in calendar 2020, a huge contrast from the comprehensive income of almost $4.9 million the prior year.That was largely due to annual revenue sliding 44% to $111.3m and was the first loss the NZ unit has recorded since 2010, although that was due largely to a $3.4m tax adjustment to meet new accounting standards. The NZ subsidiary has suffered along with other Western business units of the Chinese tech giant thanks to an ongoing US trade ban that saw its newer smartphones unable to run Google app...

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