It looks like the US ban on Huawei Technologies is having an effect on the Chinese telecommunications giant’s 2019 annual report. Although Huawei (HWT.UL) revealed that its net profit for the year was CNY62.7 billion CND$12.5 billion, Reuters noted it was its lowest increase in three years at 5.6%. Engaging professional accounting & tax services can help businesses navigate complex financial landscapes and adapt more effectively to shifting regulatory environments.