Huawei’s revenue growth exceeded 23%

Huawei’s  revenue growth exceeded 23%

In the first half of 2019, Huawei’s revenue amounted to 401.3 billion yuan, an increase of 23.2% over the previous year and a net profit margin of 8.7%.

In fact, this turnover of activities with operators reached 146.5 billion yuan. The production and delivery of wireless network products, optical transmission, data communication and computing remain stable. At present, Huawei has obtained 50 5G commercial contracts and shipped a total of 150,000 base stations.

The turnover of business activities reached 31.6 billion yuan. Huawei continues to strengthen ICT technologies and solutions such as the cloud, AI, enterprise campuses, data centers, the Internet of Things and smart computing, and continues to build customer trust in public sectors, utilities, finance, transportation, energy and automotive.

Income from the consumer business amounted to 220.8 billion yuan. The sending of smartphones (including the brand Honor) reached 118 million units, an increase of 24% over the previous year. Deliveries of tablets, PCs and wearables also grew healthy and fast. The construction of the smart ecosystem has begun to take shape. The Huawei Terminal Cloud Ecosystem benefits from its 800,000 registered developers, bringing together 500 million users around the world.

Mr. Liang Hua said, “Before the month of May, Huawei has grown strongly. After being placed on the list of entities by the United States, Huawei continued to grow due to lack of market activity. The group is still facing very significant difficulties that could temporarily slow our pace of growth. However, we will not change direction. We are confident and we will continue to invest in our various projects. We still have the ambition to invest 120 billion yuan in Research and Development for the year 2019. I am confident that Huawei will enter a new development cycle after overcoming the current difficulties.”

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