Huawei increased its turnover by 3.1% in the first half, up to 39,211 million

MADRID, 11 Ago.

Huawei increased its turnover by 3.1% in the first half, up to 39,211 million


The Chinese technology giant Huawei Technologies reached a turnover of 310,900 million yuan (39,211 million euros) in the first six months of 2023, which represents an increase of 3.1% compared to the income recorded by the company in the first half of last year, as indicated by the company in a statement where it stresses that the results have met expectations.

Likewise, Huawei has highlighted that its net profit margin between the months of January to June stood at 15%, tripling the 5% margin registered in the first half of 2022.

Huawei's communication infrastructure business reported revenue for the Chinese company of 167,200 million yuan (21,087 million euros), while the consumer division had a turnover of 103,500 million yuan (13,053 million euros).

On their side, the cloud and digital businesses reported to Huawei 24,100 and 24,200 million yuan (3,039 and 3,052 million euros), respectively, while the automotive solutions area billed 1,000 million yuan (126 million euros).

"Huawei has been investing heavily in core technologies to take advantage of trends in digitization, intelligence, and decarbonization, focusing on creating value for our customers and partners," said Sabrina Meng, Huawei rotating president.

In this sense, the executive highlighted the solidity demonstrated by the ICT infrastructure business while the consumer business achieved growth, while the digital and cloud businesses experienced strong growth.

According to the calculations of Europa Press based on the information published by Huawei, in the second quarter of 2023 the Chinese manufacturer would have invoiced 178,800 million yuan (22,550 million euros), a figure that represents an improvement of 4.8% compared to revenues of 170,600 million yuan (21,516 million euros) recorded in the same period last year.

In May 2019, Huawei Technologies was included by the US Administration in a list of entities from which US companies cannot purchase technology components without permission from the US Government.