Huawei It announced its financial data for the first 6 months of 2024. The company, which is trying to continue its activities under American restrictions, has left behind one of its highest revenue periods since 2019. In the first half of 2024, it recorded a revenue increase of more than 34 percent compared to the same period of the previous year. Huawei continues to grow. Here are the details…
Huawei Continues to Grow!
The Chinese giant company Huawei consists of five sub-units in total, namely ICT Infrastructure, Consumer Business Unit, Cloud Computing, Digital Energy and Smart Automotive Solutions. Huawei not for each unit separately but in general financial data announced.
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Huawei 2024 first half The company, which has been struggling under the US embargo since 2019, continues its work at full speed with the official support of China. Huawei, which has fought tirelessly against the restrictions, seems to have recovered according to new reports, although it experienced a period of revenue decline.
According to the information in the financial report announced by Huawei, in the first 6 months of 2024 58.86 billion dollars (approximately 417.5 billion Chinese yuan) revenue was announced. The company’s profit in the period in question was 7.768 billion dollars (approximately 55.1 billion Chinese yuan). When compared with the revenue realized in the first half of 2023, Huawei announced that it will increase its profit in the first half of this year. 34.3 percent increased its income by .
$7.49 Billion Net Profit!
Huawei’s first six months of the year The financial data regarding the company was interpreted very positively by analysts. The amount of revenue in question is after the record of $64 billion achieved by Huawei in the first 6 months of 2020. second in line It has taken its place. In the relevant period of 2019, the company had a revenue of over 56.57 billion dollars. There was a decline in the years after 2020 due to the embargo, but the company managed to get back on its feet.
When we look at Huawei’s net profit in the first half of 2024, $7.49 billion We see it as. In the same period last year Huawei net profit It was around 6.57 billion dollars. In other words, the company seems to have increased its net profit by 13.2 percent compared to last year.
When we look at the financial report announced by Huawei, it is seen that the company has gained good momentum. The company, which has been trying to cope with US restrictions for years, managed to get back on its feet even though it faltered for a while. With the financial support of China Huawei It continues to strengthen its position in the technology market, grow and increase its market share.