Jane Chen / Shanghai Daily news

China's largest telecommunications equipment developer and supplier, Huawei Technologies Co Ltd, saw a 40 percent jump in sales revenue to 45.3 billion yuan (US$5.4 billion) in 2005, the Shenzhen-based company announced yesterday at the release of its financial report for the past year.
The report, as quoted by today's Sina.com, indicates Huawei witnessed healthy growth in such businesses as mobile telecom networks, next generation networks, optical telecoms, data transfer, specialized software and terminal equipment, though without giving specific figures for each.
While consolidating its business in China, the company has been successfully developing its overseas businesses with key breakthroughs made in Europe and Asia.
The report shows it has forged cooperation ties with 28 of the world's top 50 telecom operators, including the UK's British Telecom and Vodafone, Spain's Telefonica, Holland's KPN, Singapore's SingTel, Tailand's AIS and Brazil's TELEMAR.
Huawei has entered 14 developed countries including Germany, Britain, the United States, Canada, Spain, France and Portugal.