Huawei is poised to announce a near-record revenue of 860 billion yuan ($118 billion) for the previous year, rebounding from U.S. sanctions that had halved its consumer business revenues. The company has shifted focus to software, chip development, and smart-driving technology, while also reporting growth in its consumer sector and a significant increase in smartphone shipments. Despite challenges, Huawei's resilience has spurred innovation among Chinese tech firms, as it adapts by creating alternatives to Western technology and expanding into new markets.