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Huawei cuts dividends for staff as revenue falls due to US sanctions

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Publish date: Thu, 10 Feb 2022, 03:18 PM
China, the country that has gone through one of the fastest economic transformations the world has ever seen.
You see, for the last 30 years, China's economy has grown significantly. Due to industrialization. China has achieved similar economic growth which previously took decades to achieve for the western world. The country has managed to become the world's factory and the 2nd biggest economy. But in recent times things have been changing, and not in a good way.

Huawei cuts dividends for staff as revenue falls due to US sanctions

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According to a local media China Business News report, Chinese telecoms giant Huawei Technologies Co will pay a reduced cash dividend to employee shareholders for 2021. Huawei hasn't made its dividend strategy public, but the paper wrote that its 1.58 yuan (US$0.25) dividend per share for 2021 was nearly 15% lower than the 1.86 yuan (US$0.29) dividend per share declared in 2020, reflecting the company's financial difficulties. According to LTN, Huawei's internal documents show that it still allocated more than 50 billion yuan, roughly US$7,85 billion, in dividends last year. Therefore, of about 120,000 people participating in the employee stock ownership plan, each person received an average of nearly 400,000 yuan or about US$62,800 in 2021.

 


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Discussions
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Huawei cuts dividends for staff as revenue falls due to US sanctions

2022-02-10 15:20

KingKong_Doll

Will this affect Jftech prospect?

2022-02-10 15:28

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Don't think it is good new for Jftech.

2022-02-10 22:12

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