Huawei expects to report a roughly 17% increase in net profit for 2014, significantly below the company's growth rates for the previous year.
The company is predicting net profit of between 33.9 billion yuan ($5.47 billion) and 34.3 billion yuan, Associated Press reported.
While the growth would be a decline from the 40.5% profit growth for 2013, CFO Cathy Meng has stated that the company is focusing on revenue growth and investing in new business areas.
Revenue is expected to grow 20% to between 287 billion and 289 billion yuan, which compares to an 8.5% increase in 2013. Consumer group sales were up 32% thanks to strong smartphone sales, while carrier network sales were up 15%.
R&D sales meanwhile rose 32% from the prior year due to Huawei's investments in growth areas.
According to Meng, Huawei has the lead in the worldwide 4G market. The company is currently providing equipment for 154 networks under construction.
Huawei plans to publish its final results for 2014 in March.