Huawei’s First Half Sales Hit CNY245.5 billion, up 40% YoY

Huawei reported sales revenue for the first half of 2016 of CNY245.5 billion (US$36.75 billion), an increase of 40% comparing with the same period last year. The company’s operating margin was 12%.

“We achieved steady growth across all three of our business groups, thanks to a well-balanced global presence and an unwavering focus on our pipe strategy,” said Sabrina Meng, Huawei’s Chief Financial Officer. “We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations.”

Huawei said its enterprise business is on a fast development track, including solutions for cloud computing, storage, SDN, Safe City and Electric Power IoT.

Huawei’s consumer business has maintained steady growth globally. Its flagship products, such as the P9, Mate 8, Honor V8, and MateBook, have all won significant support from consumers around the world.

In the carrier business, Huawei is innovating to support telecom operators’ digital transformation across four core areas: business, operations, architecture, and networks. The company is driving development of cutting-edge technologies such as 5G and IoT, which promise to reshape the role of telecom operators in the economy and across numerous industries.

http://www.huawei.com/en/news/2016/7/Huawei-Announces-2016-H1-Business-Results