Thursday, 18 August 2022 02:47

Huawei announces business results for the first half of 2022

Written by Evelyn Alas

Huawei announced its business results for the first half of 2022. Overall results were in line with expectations.

During the first half of 2022, Huawei generated revenue of 301.6 billion yuan, representing a net profit margin of 5.0% 1.

Carrier BG contributed 142.7 billion, enterprise BG 54.7 billion and device BG 101.3 billion.

"While our device business has been hit hard, our ICT infrastructure business has maintained steady growth", said Ken Hu, Huawei's rotating president.

"Going forward, we will leverage trends in digitization and decarbonization to continue to create value for our customers and partners, and ensure quality development".