Huawei business performance inline, announced results for the first half of 2023

Today, Huawei shared its business results for the first half of 2023. The Chinese tech maker noted that the overall operation is stable, and the results are in line with expectations.

In the first half of the year, the company achieved sales revenue of 310.9 billion yuan, a year-on-year increase of 3.1%, and a net profit margin of 15.0%. ICT infrastructure business revenue was 167.2 billion yuan, terminal business revenue was 103.5 billion yuan, and cloud computing business revenue was 24.1 billion yuan.

Meanwhile, the digital energy business revenue was 24.2 billion yuan, and the smart car solution business revenue was 10. billion yuan. Huawei’s collaborative electric car brand, Aito claimed to have produced 100,000 vehicles in 15 months through a partnership. Those sales are generally counted as part of the consumer business.

Meng Wanzhou, Huawei’s rotating chairman, said: “Thank you for the support of customers and partners, and the unity and struggle of all employees. Huawei has seized the development trend of digitalization, intelligence, and low-carbonization, invested heavily in root technologies, and focused on creating solutions for customers and partners. Value. In the first half of 2023, the ICT infrastructure business will remain stable, terminal revenue will grow, digital energy and cloud businesses will achieve good growth, and the competitiveness of smart car incremental components will continue to improve.”

The first half of the 2023 business results show gradual improvements in the performance of Huawei and we could see further optimizations in results in the second half.

(source)