Huawei Announces Business Results for the First Half of 2020

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Huawei-first-half-2020Huawei has announced its business results for the first half of 2020. The company generated CNY 454 billion in revenue in this period. This is a 13.1% increase year-on-year with a net profit of 9.2%.

Huawei’s carrier, enterprise, and consumer businesses achieved CNY159.6 billion, CNY36.3 billion, and CNY255.8 billion in revenue, respectively.

Amidst the current pandemic, the company has 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.

In addition, the company has promised to continue fulfilling its obligations to customers and suppliers and to forge ahead and contribute to the global digital economy and technological development, no matter what future challenges the company faces.

The financial data disclosed are unaudited figured complied in compliance with the International Financial Reporting Standards; exchange rate at the end of the June 2020 USD 1 = CNY 7.0677.

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