Huwei’s 2015 net profit came in at RMB36.9 bn, the firm said, according to a report by the BBC. Strong sales in China and Western Europe have seen Huawei’s smartphone business grow quickly. The firm said its three business groups generated RMB395 bn in annual revenue worldwide, up 37% from a year earlier. It said a major highlight for the period was consumer division revenue, which rose 73% from a year earlier. Popular for its low-cost devices, Huawei is one of the biggest smartphone vendors behind Samsung and Apple. But it has been blocked from running broadband projects in the US and Australia over espionage fears.