H1 2019 Revenue of Huawei gets reveal: 23.2% YoY Growth
Huawei declared its business results for the first half of 2019: USD $58.34 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]
As indicated by Huawei's Chairman, Liang Hua, tasks are smooth and the organization is as sound as ever. With powerful management and an excellent performance across all financial indicators, Huawei's business has stayed strong in the first half of 2019.
In Huawei's carrier business, H1 sales revenue reached USD $21.29 billion, with consistent development 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 business sectors around the world.
In Huawei's enterprise business, H1 sales revenue was USD $4.59 billion. Huawei keeps on upgrading its ICT portfolio over different domains, including cloud, artificial intelligence, campus networks, data centers, Internet of Things, and intelligent computing. It remains a confided 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 USD $32.1 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 keep on observing the development 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 included, "Yet we will stay the course. We are completely sure about what the future holds, and we will keep contributing as planned including a total of USD $17.44 billion in R&D this year. We'll get through these challenges, and we're confident that Huawei will enter a new phase of growth after the worst of this is behind us."
