HomeBusinessChinese Tech Giant Huawei Releases H1 Financial Results

Chinese Tech Giant Huawei Releases H1 Financial Results

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Chinese Tech Giant Huawei Releases H1 Financial Results
Chinese Tech Giant Huawei Releases H1 Financial Results

SHENZHEN – Chinese tech giant Huawei’s revenue reached 301.6 billion Yuan ($44.7 billion) in the first half of 2022. Revenue reached a net profit margin of 5 percent, according to the company’s semi-annual report released Friday.

As for the company’s three core businesses, the revenue of the operator’s business reached 142.7 billion Yuan. The revenue of the enterprise business amounted to 54.7 billion Yuan. The revenue of the device business reached 101.3 billion Yuan.

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“While our device business impacts, our ICT infrastructure business maintained steady growth”. Said Ken Hu, Huawei’s rotating chairman. “In the future, we will leverage trends in digitalization and decarbonization. It is to continue to create value for our customers and partners, and ensure quality development.”

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