Huawei unveils annual bonus: 12.5 billion yuan in all

2013-01-22 03:25:56 GMT2013-01-22 11:25:56(Beijing Time)  SINA English

By Tao Huidong, Sina English

Huawei, the second largest networking and telecommunications equipment and services provider, recently announced the assessment of its 2012 operating performance and dividends.

Meng Wanzhou, the CFO of Huawei, said Huawei’s staffs would receive 12.5 billion yuan in total as annual bonus. It is also a huge proportion of Huawei’s annual net profit of last year, which saw a 33% rise, up to 15.4 billion yuan.

Some high-level managers of Huawei have given up their annual bonus voluntarily, reports said. Huawei has roughly 150 thousand employees around the world, so each employee would possibly get 83 thousand yuan on average.

But sources from Huawei said the amount of money would fluctuate remarkably from person to person, depending on, say, contribution.

“Most of Huawei’s annual bonus were usually taken by managers ranking 3-level or higher,” another source from Huawei said.”

It takes at least 5 years to accumulate some amount of shares, which is essential to improve income,” he added. Around 64 thousand employees of Huawei hold shares.

Meng Wanzhou also said the sales revenue of Huawei in 2012 increased 8% up to 220.2 billion yuan, 66% of which from overseas.

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Editor: Yu Runze
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