Despite the trade war between the US and China, Chinese smartphone giant Huawei’s revenue for H1 2019 increased 23.2 percent to touch 401.3 billion yuan (approximately $58.3 billion), the company announced on Tuesday. The company’s net profit margin for H1 2019 was 8.7 percent. According to Huawei’s Chairman Liang Hua, operations are smooth and the organization is as sound as ever. With effective management and excellent performance across all financial indicators, Huawei’s business has remained robust.
Despite the trade war between the US and China, Chinese smartphone giant Huawei’s revenue for H1 2019 increased 23.2 percent to touch 401.3 billion yuan (approximately $58.3 billion), the company announced on Tuesday. The company’s net profit margin for H1 2019 was 8.7 percent. According to Huawei’s Chairman Liang Hua, operations are smooth and the organization is as sound as ever. With effective management and excellent performance across all financial indicators, Huawei’s business has remained robust.
In Huawei’s consumer business, H1 sales revenue hit 220.8 billion yuan (approximately $32.08 billion). “Huawei is beginning to scale its device ecosystem to deliver a more seamless intelligent experience across all major user scenarios. To date, the Huawei Mobile Services ecosystem has more than 800,000 registered developers, and 500 million users worldwide,” said the company. Huawei’s smartphone shipments, including HONOR phones, reached 118 million units, up 24 percent year on year (YoY).
“Revenue grew fast up through May. Given the foundation we laid in the first half of the year, we continue to see the growth even after we were added to the entity list. That’s not to say we don’t have difficulties ahead. We do, and they may affect the pace of our growth in the short term,” said Liang. “We will stay the course. We are fully confident in what the future holds, and we will continue investing as planned, including a total of CNY120 billion in R&D this year. We’ll get through these challenges, and we’re confident that Huawei will enter a new stage of growth after the worst of this is behind us,” he added.
Operation Guddar: Guddar woods of Kulgam
India's Contradiction of Foreign Investment
Upcoming GST Reforms to Be Implemented from September 22
Effects of GST Reforms on the Cooperative Sector
RNA–Amino Acid Connection on Primitive Earth
India assures Belgium of humane conditions for Mehul Choksi’s detention ahead of extradition
TMC leader arrested in Bengal after headmaster’s suicide over corruption pressure
From fields to floods: Punjab farmer turns crop drone into lifeline for stranded families
Ramnagar records dramatic rise in tigers as population climbs to 96
AI reshapes campus recruitment: Indian colleges adapt to changing job market
Operation Guddar: Guddar woods of Kulgam
India's Contradiction of Foreign Investment
Upcoming GST Reforms to Be Implemented from September 22
Effects of GST Reforms on the Cooperative Sector
RNA–Amino Acid Connection on Primitive Earth
India assures Belgium of humane conditions for Mehul Choksi’s detention ahead of extradition
TMC leader arrested in Bengal after headmaster’s suicide over corruption pressure
From fields to floods: Punjab farmer turns crop drone into lifeline for stranded families
Ramnagar records dramatic rise in tigers as population climbs to 96
AI reshapes campus recruitment: Indian colleges adapt to changing job market
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech