Revenue for the year is expected to be 634
billion yuan ($99.48 billion), rotating chairman Guo Ping said in a New Year
letter to employees on Friday.
That represents a fall of 28.9% from 2020
revenues of 891.4 billion yuan.
Guo said next year "will come with its
fair share of challenges" but that he was satisfied with Huawei's 2021
business performance.
"An unpredictable business environment,
the politicisation of technology, and a growing deglobalisation movement all
present serious challenges," the letter, published on the company's
website, read.
In 2019, the U.S. Trump administration imposed
a trade ban on Huawei, citing national security, which barred the company from
using Alphabet Inc's Android for its new smartphones, among other critical
U.S.-origin technology.
The U.S. sanctions, together with weaker
domestic consumption due to the coronavirus, weighed on Huawei.
"We need to stick to our strategy and
respond rationally to external forces that are beyond our control," Guo
said.
Huawei will continue focusing on information
and communications technology (ICT) infrastructure and smart devices, the
letter said.
Third-quarter revenue fell 38% compared with a
year earlier, Huawei's latest earnings report shows. The first three quarters'
revenue was down by almost a third year-on-year.