By: Sheila WILLIAMS
Huawei Telecommunication,business revenue for first half of 2019 hit USD $58.34 billion
With a percentageincrease of 23.2%over the same period last year. The company’s net profit marginfor H1 2019 was 8.7%.
This 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.
Carrier Business
H1 sales revenue reached USD $21.29 billion, with steady growth in production and shipment of equipment forwireless 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.
Enterprise Business
H1 sales revenue was USD $4.59 billion. Huawei continuesto enhance its ICT portfolioacrossmultiple domains,includingcloud, artificial intelligence, campusnetworks, 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, andautomobile.
Consumer Business,
Huawei’s consumer business H1 sales revenue hit USD $32.1 billion.Huawei’s smartphone shipments (including Honor phones) reached 118 million units, up 24%YoY.
Huawei company 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, theHuawei Mobile Services ecosystem has more than 800,000 registered developers,and500 million usersworldwide.
“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, “Butwe will stay the course. We are fully confident in what the future holds, and we will continue investing as planned – includinga total of USD $17.44billion 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.”
