Huawei released 2020 H1 Business Results, YOY increase by 13.1%

On July 13, Huawei has officially announced the revenue of the first half of 2020. During this half phase of 2020, the company achieved sales revenue of CNY454 billion, a year-on-year increase of 13.1% and a net profit margin of 9.2%. Among them, operator business revenue was 159.6 billion yuan, corporate business revenue was 36.3 billion yuan, and consumer business revenue was 255.8 billion yuan.

“As countries around the globe are grappling with the COVID-19 pandemic, information and communications technologies (ICT) have become not only a crucial tool for combatting the virus, but also an engine for economic recovery. 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.”- Huawei.

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, no matter what future challenges the company faces.