TAIPEI -- Huawei Technologies' net profit rose more than 75% in 2021 despite its first-ever decline in revenue, thanks to steady growth in profitability and one-off gains from spinning off its budget smartphone line and a server business, the embattled Chinese company said Monday.
"Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are more capable of dealing with uncertainty," Huawei CFO Meng Wanzhou said at a news conference held to deliver the company's annual report.
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