This archive report was first published on 14 July 2020.
On July 14, 2020, Huawei announced its business results for the first half of 2020, showcasing a remarkable 13.1% increase in revenue year-on-year.
The company generated 454 billion Chinese Yuan (CYN) in revenue during this period, with a net profit margin of 9.2%.
Breaking down the revenue, Huawei's carrier, enterprise, and consumer businesses achieved CNY159.6 billion, CNY36.3 billion, and CNY255.8 billion, respectively.
As countries grapple with the COVID-19 pandemic, 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.
Despite the complex external environment, 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.
