Huawei continues to grow amidst trade war controversy

Huawei announced its business results for the first half of 2019: CNY401.3 billion in revenue, a 23.2 per cent increase over the same period last year. The company’s net profit margin for H1 2019 was 8.7 per cent.

According to Huawei’s Chairman, Liang Hua, operations are smooth and the organization is as sound as ever. With effective management and an excellent performance across all financial indicators, Huawei’s business has remained robust in the first half of 2019.

In Huawei’s carrier business, H1 sales revenue reached CNY146.5 billion, with steady growth in production and shipment of equipment for wireless networks, optical transmission, data communications, IT, and related product domains. To date, Huawei has secured 50 commercial 5G contracts and has shipped more than 150,000 base stations to markets around the world.