That night at the coup baseChinese telecommunications company Huawei's profitability increased in 2021 while revenues fell due to geopolitical pressures and challenges in the global supply chain.Huawei Rotating CEO Guo Ping and Financial Affairs Director Ming Vancou announced the 2021 annual report to the public at the press conference they held at the company's headquarters in Xinjiang, Guangdong province.Ming, the daughter of Huawei's founder and Chairman Rin Cingfey, who was detained in 2018 in Vancouver, Canada on charges of helping the US to circumvent Iran sanctions and detained in the country for nearly three years due to legal process, returned to China. He appeared in public for the first time as a company executive.In the annual report, the company reported revenue of 636.8 billion yuan (approximately $99.9 billion) and net profit of 113.7 billion yuan (approximately $17.8 billion) in 2021.The company's revenues were down 29 percent year-on-year, marking one of the lowest levels in recent years.Despite the decrease in revenues, an annual increase of 76 percent was recorded in profitability.The revenues of the company's consumer electronics group, which includes mobile phone sales, decreased by 49.6 percent, and the revenues of the operator services group, which provides infrastructure to mobile phone operators, primarily 5G, decreased by 7 percent.The revenues of the enterprise solutions business group, which includes services such as cloud computing, artificial intelligence, and 5G integration, increased by 2.1 percent.While the loss of performance in consumer electronics was linked to problems in global chip supply, the decrease in revenue in the operator group was due to the fact that the USA and many countries that followed it banned Huawei's 5G infrastructure on the grounds of national security.The company's research and development (R&D) expenditures amounted to 142.7 billion yuan (about $22.4 billion) in 2021, accounting for 22.4 percent of total revenue.Huawei has spent more than 845 billion yuan (about $132.5 billion) on R&D over the past 10 years.Company officials emphasized that the company's maintaining its advanced level in technology, thanks to its R&D investments, played a role in increasing profitability while revenues were decreasing.Pointing out that they witnessed rapid changes in the ecosystem in which the company does business, Ping, the top manager, said, "While we maintained our position in the business group responsible for mobile operators, we maintained our steady rise in corporate business solutions. In consumer products, we make a difference with our innovative solutions."used the expressions.Financial Affairs Director Ming, on the other hand, stated that the company's cash assets increased significantly in 2021, reaching 59.7 billion yuan (approximately 9.4 billion dollars) with the increase in the profit rate, and said, "Despite some decreasing revenues in 2021, the company's cash assets have increased significantly. "We see that our capabilities have increased. We are now more successful in dealing with uncertainties. The decrease in the liabilities-to-assets ratio to 57.8 percent shows that we have reached a more resilient and flexible structure."made its assessment.Huawei Financial Affairs Director Ming Vancou was arrested in Vancouver, Canada on December 1, 2018, on charges of circumventing US sanctions against Iran.After a three-day bail hearing, Canadian Judge William Ehrcke had ordered Ming's release on bail of 10 million Canadian dollars while awaiting the official extradition request from the United States.During the lawsuit, which turned into a political conflict between the USA, Canada and China, Ming was greeted like a hero when he returned to China on September 25, 2021, after being kept under judicial custody for nearly three years.Domestic offices