Chinese tech giant Huawei's revenue up 13.1%

0 Comment(s)Print E-mail Xinhua, July 14, 2020
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Photo taken on Nov. 20, 2019 shows Huawei's exhibition booth during a press preview for the 2019 World 5G Convention in Beijing. [Photo/Xinhua]

Chinese tech giant Huawei's revenue rose by 13.1% year on year to 454 billion yuan (about $64.9 billion) in the first half of 2020, with a net profit margin of 9.2%, according to the company's business results announced on Monday.

Huawei's carrier, enterprise, and consumer businesses achieved 159.6 billion yuan, 36.3 billion yuan, and 255.8 billion yuan in revenue respectively, the company said.

Amid COVID-19, information and communications technologies have become not only a crucial tool for combating the virus, but also an engine for economic recovery, Huawei said.

The company reiterated its commitment to working with carriers and industry partners to maintain stable network operations, accelerate digital transformation, and support efforts to contain local outbreaks and reopen local economies.

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