Huawei’s Return to Business Normalcy
Huawei, a global leader in ICT, announced its H1 2023 business results, showing robust performance aligning with forecasts. Despite external restrictions and challenges, 2023 marks Huawei’s return to regular business operations post-pandemic.
Leadership’s Perspective on Investment and Growth
Sabrina Meng, Huawei’s Rotating Chairwoman, highlighted the company’s investment in foundational technologies and focus on digitalization, intelligence, and decarbonization. She noted growth in Huawei’s ICT infrastructure, consumer, digital power, and cloud businesses, as well as advances in intelligent connected vehicles.
Financial Performance Overview
In the first half of 2023, Huawei generated approximately US$42.9 billion in revenue, marking a 3.1% year-on-year increase with a notable net profit margin of 15%. The breakdown of revenue includes significant contributions from various business segments, including ICT infrastructure, consumer electronics, cloud services, digital power, and intelligent automotive solutions.
Reasons Behind Year-on-Year Growth
Huawei attributes its growth to optimized management systems, enhanced operational efficiency, and refined sales strategy. Additionally, profits were bolstered by gains from the sale of certain businesses.
Strategic Initiatives Amid Global Uncertainty
Facing ongoing industry and market uncertainties, Huawei plans to strengthen global business continuity management and agile operations. The company remains confident in meeting its annual business targets and contributing value to customers and society.
Implementing Strategic Initiatives for Future Growth
Huawei is implementing five strategic initiatives, focusing on helping industries go digital and green, optimizing its business portfolio, strengthening synergy across its technology stack, committing to quality, and investing heavily in R&D.
Consumer Business and New Product Launches
Huawei’s consumer business saw the launch of new flagship smartphones, helping the company re-enter China’s top-five smartphone vendors. Huawei emphasizes R&D and innovation to develop competitive products and enhance consumer experiences.
Advancements in Carrier and Cloud Businesses
In the carrier segment, Huawei aims to launch a full lineup of 5.5G network equipment by 2024, focusing on key technologies like ELAA and passive IoT. Meanwhile, Huawei Cloud adheres to an “Everything as a Service” strategy, expanding its global reach.
Digital Power Business and Carbon Neutrality
Huawei Digital Power capitalizes on the trend towards carbon neutrality, focusing on clean power generation and electrification. The division has seen steady growth, contributing significantly to CO2 emission reductions.
Huawei maintains its commitment to cybersecurity, with its equipment consistently meeting stringent standards without any backdoors. The company prides itself on delivering trusted and certified products and services worldwide.