INSUBCONTINENT EXCLUSIVE:
according to company sources and Reuters calculations - a move expected to boost morale as it battles a US-led drive against its telecom
gear.
The payout also appears to indicate profit growth as well as confidence the company can survive US accusations that its telecoms
levels of dedication from employees in return for high pay, Huawei Technologies Ltd boasts that some 80,000 of its workers own nearly all of
yuan per share from 1.02 yuan, six employee-shareholder sources told Reuters, citing internal notices handed down over the past month.
Total
returns per share dropped 7 percent to 2.61 yuan, they added
That follows a stock split
Like the other employee shareholders, the source was not authorised to speak to the media and asked not to be identified.
A spokesman for
2 manufacturer of smartphones, said the company does not publicly disclose its dividend policy.
The payout comes amid an unprecedented
crisis for Huawei as Washington calls on governments around the world to stop using its gear, particularly in 5G networks.
The United States
has also charged Huawei with bank fraud related to sanctions against Iran and is seeking to extradite Meng Wanzhou, its CFO and the daughter
of founder Ren Zhengfei, from Canada on related charges
Canada on Friday authorised an extradition hearing.
Huawei has repeatedly denied its equipment represents a security risk and Meng has said
she is innocent of the allegations made against her.
Strong performanceUnlisted Huawei discloses very little about its employee shareholder
scheme beyond the number of participants and the 1.14 percent holding of founder Ren.
But the state-owned Securities Times in February 2018
reported a figure for outstanding shares and a stock split, citing a Huawei internal memo
business are likely to come in ahead of expectations.
Analysts said the calculations of total dividend payouts seemed accurate based on
available information.
Huawei said in December it expects 2018 revenue to rise 21 percent to $109 billion, its fastest pace in two years
The company, which made a net profit of 47.5 billion yuan in 2017, is due to announce figures for last year in late March.
According to the
Tough postings in remote locations are also not uncommon.
Even so, the employee shareholder scheme, a legacy of 1990s reforms in China, is
dividend can be as much as annual salary or even more, the sources said.
Huawei employs some 180,000 people globally and the shareholder
scheme is not open to all, with staff usually only able to take part after three years of strong performance.
Before joining the scheme,
