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Huawei releases 2021 first half business results

JAVIRA SSEBWAMI | PML Daily Staff WriterbyJAVIRA SSEBWAMI | PML Daily Staff Writer
August 9, 2021
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Huawei head offices in Uganda (PHOTO /Courtesy)

KAMPALA —Huawei on August 9 released its business results for the first half of 2021.

The results show that the overall performance was in line with forecast.

In first half, Huawei generated CNY320.4 billion in revenue, with its net profit margin reaching 9.8%

Carrier business revenue: CNY136.9 billion

Enterprise business revenue: CNY42.9 billion

Consumer business revenue: CNY135.7 billion

“We’ve set our strategic goals for the next five years,” said Eric Xu, Huawei’s Rotating Chairman.

“Our aim is to survive, and to do so sustainably. We’ll do this by creating practical value for our customers and partners. Despite a decline in revenue from our consumer business caused by external factors, we are confident that our carrier and enterprise businesses will continue to grow steadily.”

Xu continued, “These have been challenging times, and all of our employees have been pushing forward with extraordinary determination and strength. I want to thank every single member of the Huawei team for their incredible effort. Going forward, we continue to believe deeply in the power of digital technology to provide fresh solutions to the problems the world is facing right now. We will keep on innovating to help build a low-carbon, intelligent world.”

The financial data disclosed by Huawei on August 9, 2021 are unaudited figures compiled in compliance with the International Financial Reporting Standards.

Exchange rate at the end of June 2021: US$1 = CNY6.4576 according to external agencies.

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