BEIJING, April 18 (Reuters) - Huawei Technologies Co., China's top telecommunications equipment maker, reported a sharp rise in profits on Monday in an annual report that revealed new details about the privately held company.
Huawei, which competes with Ericsson
The company attributed the increase to strong overseas sales and growth in its core businesses of telecom networks, global services and devices.
For the first time, the report also supplied information about the secretive company's board of directors, providing names, photos and brief biographies.
The directors include the company's founder Ren Zhengfei, a former member of the Chinese military's engineering corps, and chairperson Sun Yafang, who began her career as a technician for a Chinese TV manufacturer.
Huawei has had trouble buying assets overseas, partly because of suspicions that it maintains links with China's military.
Most recently, it hit regulatory obstacles when it agreed to buy the assets of 3Leaf Technologies for $2 million last year. In February, the company said it would back away from its acquisition of the U.S. Server technology company's assets after the U.S. government raised concerns over national security. [ID:nN19134618] ($1 = 6.533 yuan) (Reporting by Don Durfee; Editing by Ken Wills)