Huawei announces first half performance

Huawei announced its business results for the first half of 2023. The overall performance was in line with the forecast.

In 2023 1H, Huawei generated CNY 310.9 billion in revenue, with a year-on-year increase of 3.1 percent and a net profit margin of 15.0 percent. The company’s ICT infrastructure business contributed CNY 167.2 billion, its consumer business CNY 103.5 billion, its cloud business CNY 24.1 billion, its digital power business CNY 24.2 billion and its intelligent automotive solution (IAS) business CNY 1 billion.

“I’d like to thank our customers and partners for their ongoing support,” said Huawei Rotating Chairwoman Sabrina Meng.

“I’d also like to thank the entire Huawei team for its solidarity and dedication. Huawei has been investing heavily in foundational technologies to harness trends in digitalisation, intelligence and decarbonisation, focusing on creating value for our customers and partners. In the first half of 2023, our ICT infrastructure business remained solid and our consumer business achieved growth. Our digital power and cloud businesses both experienced strong growth and our new components for intelligent connected vehicles continue to gain competitiveness.”