Huawei Announces H1 2019 Revenue: 23.2% YoY Growth
Mr.
Liang Hua, Chairman of Huawei
Huawei announced its business results for the first half of 2019:
CNY401.3 billion in revenue, a 23.2% increase over the same period last year.
The company's net profit margin for H1 2019 was 8.7%.[1]
According to Huawei's Chairman, Liang Hua, operations are smooth and the
organization is as sound as ever. With effective management and an excellent
performance across all financial indicators, Huawei's business has remained
robust in the first half of 2019.
In Huawei's carrier business, H1 sales revenue reached CNY146.5 billion,
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 has shipped
more than 150,000 base stations to markets around the world.
In Huawei's enterprise business, H1 sales revenue was CNY31.6 billion.
Huawei continues to enhance its ICT portfolio across multiple domains,
including cloud, artificial intelligence, campus networks, data centers,
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.
In Huawei's consumer business, H1 sales revenue hit CNY220.8 billion.
Huawei's smartphone shipments (including Honor phones) reached 118 million
units, up 24% YoY. 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 across all major user
scenarios. To date, 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."
He added, "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 CNY120 billion 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."
[1]: The financial data disclosed here are unaudited figures
compiled in compliance with the International Financial Reporting Standard. Converted
into United States
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