Huawei Technology Co., Ltd. announced sales results for the full year of 2013. For the year, the company reported 8% sales increase in 2013 below its target of 10%. Sales revenue was about CNY 240 billion ($40 billion) in 2013.

The company provided earnings guidance for the full year of 2013. For the year, the company expects annual profit is expected to be about CNY 29 billion.