LINE

Text:AAAPrint
Economy

Chinese tech giant Huawei's revenue up 23.2 pct in H1

1
2019-07-30 16:53:32Xinhua Editor : Gu Liping ECNS App Download

Chinese tech giant Huawei's revenue rose year on year to 401.3 billion yuan (about 58.3 billion U.S. dollars) in the first half of 2019, according to the company's semiannual report released on Tuesday.

The company's net profit margin during the same period was 8.7 percent, the report said.

Its smartphone shipments reached 118 million units in the first half of this year, representing a 24-percent growth year on year. Rapid growth was also observed in the shipments of tablets, PCs and wearables, it said.

Huawei chairman Liang Hua said the Shenzhen-based company's "operations are smooth and the organization is as sound as ever."

With effective management and excellent performance across all financial indicators, Huawei's business remained robust in the first half of this year, he said.

The chairman admitted difficulties facing the firm, which he said may affect the pace of growth in the short term. "But we will stay the course. We are fully confident in what the future holds, and we will continue investing as planned," he said.

The company plans to invest 120 billion yuan in research and development this year, according to Liang. 

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
ECNS Wire
Biz
Economy
Travel
Photo
CNS Photo
Video
Video
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2019 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.