Middle East: Huawei has announced a 23.2 percent increase in revenue to $58.34 billion over the
same period last year.
same period last year.
The company's net profit margin for H1 2019 was 8.7 percent.
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 $21.29 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 $4.59 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 $32.1
billion. Huawei's smartphone shipments (including Honor phones) reached
118 million units, up 24 percent 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 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
$17.44 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."
***
NOTE:
The financial data disclosed here are unaudited figures compiled in
compliance with the International Financial Reporting Standard.
Converted into United States dollars ("USD") using the market rate at the end of June 2019, USD1.00 = CNY6.8785.
Converted into United States dollars ("USD") using the market rate at the end of June 2019, USD1.00 = CNY6.8785.
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