BEIJING - Chinese telecoms equipment maker Huawei pocketed 15.4 billion yuan ($2.44 billion) in net profits in 2012, up 33 percent year-on-year.

It reported 220.2 billion yuan in sales revenue, up 8 percent year-on-year, said Cathy Meng, chief financial officer and daughter of company founder Ren Zhengfei, on Monday.

About 66 percent of its revenues came from overseas markets, Meng was quoted as saying in Tuesday's edition of the Beijing News.

She attributed the growth to a more focused strategy, simplified management and improved efficiency.

She also forecast that the company's overall revenues for 2013 will grow by 10 to 12 percent year-on-year.

Meng said Huawei is open to the possibility of becoming a listed company, adding that any move the company makes in the future will be in line with legal requirements and shareholders' interests.

The company has vowed to boost transparency regarding its performance.

ZTE, a smaller listed competitor, on Sunday forecast losses of 2.5 to 2.9 billion yuan for 2012.

Related Readings

Huawei set to beat Ericsson

Huawei launches world's biggest smartphone

Huawei expects net profit to increase 30% in 2012

'Can do' approach spurs Huawei's growth in Europe

ZTE expects big losses in 2012

ZTE net profit plummets in 2012