Huawei projects 10% average growth over 5 years

Its business demonstrated robust growth across all three of its business groups: carrier networks, enterprise and consumer.

The carrier network sector remained its biggest earner, achieving 160.1 billion yuan in sales, an increase of 6.7 percent year-on-year.

"But there is little hope for Huawei expanding in the US operator market," Xiang said, largely due to political and security concerns from the US side.