Huawei Half Year Revenue Increases By 13.1% Year on Year

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Huawei has announced its business results for the first half of 2020, where it generated CNY454 billion in revenue during the period, which is a 13.1 per cent increase year-on-year, with a net profit margin of 9.2 per cent.

Huawei’s carrier, enterprise, and consumer businesses achieved CNY159.6 billion, CNY36.3 billion, and CNY255.8 billion in revenue, respectively.

As countries around the globe are grappling with the COVID-19 pandemic, information and communications technologies (ICT) have become not only a crucial tool for combatting the virus, but also an engine for economic recovery. Huawei reiterated its commitment to working with carriers and industry partners to maintain stable network operations, accelerate digital transformation, and support efforts to contain local outbreaks and reopen local economies.

The complex external environment makes open collaboration and trust in global value chains more important than ever. Huawei has promised to continue fulfilling its obligations to customers and suppliers, and to survive, forge ahead, and contribute to the global digital economy and technological development, no matter what future challenges the company faces.

The financial data disclosed are unaudited figures compiled in compliance with the International Financial Reporting Standards, at an exchange rate of $1 = CNY7.0677 at the end of June 2020:

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services, the company said it would continue to be committed to bringing digital to every person, home and organization for a fully connected, intelligent world.