Huawei has announced its business result for the first half of 2019 to be CNY 401.3 billion in revenue, which is an increment by 23.2% over the same period last year, despite the US ban. For H1 2019, the profit margin of Huawei was 8.7%.
Chairman of Huawei, Liang Hua says that the operations are smooth and the organization is sound as ever. From a business point of view, the company has performed very well and thus has remained robust in the first half of 2019, all thanks to its effective management.
Similarly, in the carrier business, Huawei’s H1 sales revenue has reached CNY 146.5 billion, with steady growth in production and shipment of equipment for wireless networks, optical transmission, data communication, IT, and other related product domains. The company has secured 50 commercial 5G contracts and has shipped above 150,000 base stations to market around the world till date.
In the enterprise business, Huawei’s H1 sales revenue was CNY 31.6 billion. It continuously looks forward to enhancing its ICT portfolio across multiple domains that include cloud, artificial intelligence, campus network, data centers, Internet of Things, and intelligent computing. And Huawei remains a trusted supplier for government and utility customers along with customers in the commercial customers such as finance, transportation, energy, and automobile.
While in the consumer business, the company’s revenue from sales reached CNY 220.8 billion. The shipment of Huawei smartphones including Honor phones reached 118 million units, up 24% Year over Year. Also, Huawei witnessed a rapid growth in its shipment of tablets, PCs, wearables. Talking about Huawei’s Mobile Service ecosystem, Huawei comprises more than 800,000 registered developers, and 500 million users worldwide to date.
Chairman Liang said, “Revenue grew fast up through May. Given the foundation we laid in the first half of the year, we continue to see the 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 again 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.”