Huawei's Revenue Increased by 3.1% in the First Half of the Year... "Consumer Business Growth"

Huawei's revenue for the first half of this year reached 310.9 billion yuan, a 3.1% increase compared to the same period last year.

[Image source=Yonhap News]

On the 11th, Huawei announced that its revenue for the first half of 2023 was 310.9 billion yuan (approximately 56.7828 trillion KRW), up 3.1% from the same period last year, with a net profit margin of 15%.

During this period, the following sectors contributed to the performance: ICT Infrastructure Business (167.2 billion yuan, 30.5374 trillion KRW), Consumer Business (103.5 billion yuan, 18.9032 trillion KRW), Cloud Business (24.1 billion yuan, 4.4016 trillion KRW), Digital Power Business (24.2 billion yuan, 4.4199 trillion KRW), and Intelligent Automotive Solutions Business (1 billion yuan, 182.6 billion KRW).

Sabrina Meng, Huawei's rotating chairwoman, stated, "Huawei has made significant investments in foundational technologies to leverage the trends of digitalization, intelligence, and decarbonization, focusing on creating value for customers and partners."

She added, "During the first half of the year, Huawei's ICT Infrastructure Business maintained a steady momentum, and the Consumer Business achieved growth. The Digital Power and Cloud businesses showed clear growth trends, and the intelligent connected vehicle components continue to secure competitiveness."

This content was produced with the assistance of AI translation services.