Huawei declares 15pc net profit margin in H1

Business Desk :
Huawei has announced its business results for the first half of 2023 this week. In this half year, it has generated CNY310.9 billion revenue that matches with its forecast.

The revenue reflects a year-on-year increase of 3.1 per cent and a net profit margin of 15.0 per cent.

The company’s ICT infrastructure business contributed CNY167.2 billion, its consumer business CNY103.5 billion, its cloud business CNY24.1 billion, its digital power business CNY24.2 billion, and its intelligent automotive solution (IAS) business CNY1 billion.

“I’d like to thank our customers and partners for their ongoing support,” said Sabrina Meng, Huawei’s Rotating Chairwoman.

“I’d also like to thank the entire Huawei team for its solidarity and dedication.

Huawei has been investing heavily in foundational technologies to harness trends in digitalization, intelligence, and decarbonization, focusing on creating value for our customers and partners.