Huawei 2023 H1 Business Results

Huawei has officially announced its business first half of 2023 business results. According to the official information, in 2023 H1, Huawei generated CNY310.9 billion in revenue, with a year-on-year increase of 3.1% and a net profit margin of 15.0%.

The company gained CNY167.2 billion in ICT, CNY103.5 billion in consumer business, CNY24.1 billion in cloud business, CNY24.2 billion in digital power business, and CNY1 billion in IAS business.

“I’d like to thank our customers and partners for their ongoing support,” said Sabrina Meng, Huawei’s Rotating Chairwoman. “I’d also like to thank the entire Huawei team for its solidarity and dedication. Huawei has been investing heavily in foundational technologies to harness trends in digitalization, intelligence, and decarbonization, focusing on creating value for our customers and partners. In the first half of 2023, our ICT infrastructure business remained solid and our consumer business achieved growth. Our digital power and cloud businesses both experienced strong growth, and our new components for intelligent connected vehicles continue to gain competitiveness.”