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, with a significant increase in revenue.
The company generated CNY454 billion in revenue during this period, a 13.1% increase year-on-year, 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 around the globe 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.
According to Huawei, open collaboration and trust in global value chains are more important than ever in the complex external environment.
The company 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 it faces.
