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[Shenzhen, China, August 29, 2024] Huawei announced its business results for the first half of 2024 today. Overall performance was in line with forecast.
In 2024 H1, Huawei generated CNY417.5 billion in revenue, with a year-on-year increase of 34.3% and a net profit margin of 13.2%.
"Our overall performance was in line with forecast," said Eric Xu, Huawei's Rotating Chairman. "Moving forward, we'll continue driving high quality across all business processes, optimizing our portfolio to enhance business resilience, and building thriving ecosystems. Ultimately, our goal is to provide customers with even more competitive products and solutions."
[1] The financial data disclosed here are unaudited figures compiled in compliance with the International Financial Reporting Standards.
[2] Exchange rate at the end of June 2024: US$1 = CNY7.2669 (source: external agencies).
