Huawei released its operating results for the first half of 2024

Huawei released its operating results for the first half of 2024 today. The overall operations were stable and the results were in line with expectations.

In the first half of 2024, Huawei achieved sales revenue of RMB 417.5 billion, a year-on-year increase of 34.3%, and a net profit margin of 13.2% . Based on this calculation, Huawei’s net profit in the first half of 2024 was RMB 55.11 billion, a year-on-year increase of 18.17%.

Huawei’s Rotating Chairman Xu Zhijun said: ” The overall operating performance of the group is in line with expectations . We will implement the company’s strategy of ‘high quality’ throughout the entire process, continue to optimize the industry portfolio, enhance development resilience, build a prosperous industry ecosystem, and contribute more competitive products and solutions to customers.”