Tuesday, October 20, 2020

With 401 bn yuan in H1 revenue, Huawei ‘ready for challenges’

Jul 30. 2019
Liang Hua /Photo by: Huawei
Liang Hua /Photo by: Huawei
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By The Nation

Huawei has announced total revenue worth 401.3 billion yuan in the first half of this year, a 23.2-per-cent increase over the same period last year.

The company’s net profit margin was 8.7 per cent for the first half, chairman Liang Hua said on Tuesday.

He described operations as smooth and the organisation “as sound as ever”. 

In Huawei’s carrier business, first-half sales revenue reached 146.5 billion yuan, with steady growth in production and shipment of equipment for wireless networks, optical transmission, data communications, IT, and related product domains. 

To date, Huawei has secured 50 commercial 5G contracts and shipped more than 150,000 base stations to markets around the world.

In its enterprise business, H1 sales revenue was 31.6 billion yuan. Huawei continues to enhance its ICT portfolio in multiple domains, including cloud, artificial intelligence, campus networks, data centres, the internet of things, and intelligent computing. 

It remains a trusted supplier for government and utility customers, as well as customers in commercial sectors like finance, transportation, energy, and automobile, Liang said.

In the consumer business, H1 sales revenue hit 220.8 billion yuan. Huawei’s smartphone shipments (including Honor phones) reached 118 million units, up 24 per cent year on year. 

The company also saw rapid growth in its shipments of tablets, PCs and wearables. Huawei is beginning to scale its device ecosystem to deliver a more seamless “intelligent experience” for all major user scenarios. The Huawei Mobile Services ecosystem has more than 800,000 registered developers and 500 million users worldwide.

“Revenue grew fast up through May,” said Liang. “Given the foundation we laid in the first half of the year, we continue to see growth even after we were added to the entity list. That’s not to say we don’t have difficulties ahead. We do, and they may affect the pace of our growth in the short term.

“But we will stay the course. We are fully confident in what the future holds, and we will continue investing as planned – including a total of 120 billion yuan in R&D this year. We’ll get through these challenges, and we’re confident that Huawei will enter a new stage of growth after the worst of this is behind us.”

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