The Chinese tech giant keeps claiming that the latest clamp down of the United States on its products in America was not about security, but rather with unauthorized trade protection.

The United States was claiming that the Huawei represented a security risk, since its CEO was briefly a member of the Chinese army. In the meanwhile, the Chinese company revealed details of its performance last year. Press reports say that Huawei didn’t actually have to do so, but it did in order to show transparency and allay any security concerns about its business.

According to the company’s chief financial officer Cathy Meng, Huawei was frustrated about security complaints from the United States. She pointed out that Americans pay almost twice what Europeans do for 3rd- and 4th-generation mobile phone services thanks to trade protection, which interferes with free competition and harms end users and consumers.

Outside the United States, the Chinese giant has grown rapidly in developing countries and is currently increasing sales in the EU. In result, its profit last year rose 33% to $2.48 billion with sales of $35.36 billion. Huawei is a private company and they decided to release more financial details in a bid to ease concerns of the United States about the company. The results conference was the first of such kind for the giant and part of its commitment to transparency.

The company was founded back in 1987 by a former Chinese military engineer, though he hasn’t been in the army particularly long. Security concerns have also spread to Australia, which has always believed what the United States tells it and the Chinese giant was barred from bidding to work on the National Broadband Network.

Huawei issued a pledge in 2012 not to co-operate with spying. It indicated that it serves 45 of the 50 largest telecoms carriers in the world and spends a fortune on Research & Development. Back in 2012, only 1/3 of sales came from its native China market, while Europe, the Middle East and Africa accounted for another 35% of sales. 17% were sales in other Asia-Pacific markets and only 15% came from the Americas.