Huawei revenue increases by 13.1% in first half of 2020

Huawei has announced that it generated CNY454 billion in revenue in the first half of 2020. According to the company in a statement on 13 July, this amount is a 13.1% increase year-on-year, with a net profit margin of 9.2%. Huawei unveils ‘IdeaHub’ for Sub Saharan Africa 10,000 Nigerian students for Huawei ICT training Huawei’s […]

Huawei has announced that it generated CNY454 billion in revenue in the first half of 2020.

According to the company in a statement on 13 July, this amount is a 13.1% increase year-on-year, with a net profit margin of 9.2%.

• Huawei unveils ‘IdeaHub’ for Sub Saharan Africa
• 10,000 Nigerian students for Huawei ICT training

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 combating 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, the company said.

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.

According to the ICT company, the financial data disclosed are unaudited figures compiled in compliance with the International Financial Reporting Standards with exchange rate at the end of June 2020 standing at US$1 = CNY7.0677.

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 brings digital to every person, home and organization for a fully connected, intelligent world.

Founded in 1987, Huawei is a private company wholly owned by its employees.