Huawei’s revenue grew 19.5 percent in 2018, surpassing $ 100 billion for the first time, despite continuing political headwinds from around the world.
President Donald Trump’s administration has tried to pressure allies to bar Huawei from taking part in the rollout of next-generation mobile networks known as 5G.
While some countries such as Germany have defied the U.S., others such as Australia and United Kingdom have taken a cautious approach toward the company.
The latest headache for Huawei came on Thursday after the board tasked with vetting the Chinese firm’s equipment in the U.K. raised concerns about the gear. The government-led oversight board said it found “concerning issues in Huawei’s approach to software development bringing significantly increased risk to U.K. operators.”
It concluded that it will be difficult to appropriately risk-manage future products” from Huawei, but stopped short in calling for an outright ban.
“We understand these concerns and take them very seriously,” Huawei said in a statement on Thursday, adding that it will continue to work with the U.K. government in addressing the issues raised.
Huawei has tried to counter the negative news toward the company through a public relations push as well as a legal offensive.
Earlier this month, Huawei filed a lawsuit against the U.S. over a law that bans government agencies from buying the Chinese technology giant’s equipment, claiming the legislation is unconstitutional.
Guo Ping, one of the rotating chairman at Huawei, said in a press release on Friday that “cyber security and user privacy protection are at the absolute top” of the company’s agenda.
“The easiest way to bring down a fortress is to attack it from within. And the easiest way to reinforce it is from outside,” Guo said.
“Moving forward, we will do everything we can to shake off outside distractions, improve management, and make progress towards our strategic goals.”