Tech giant Huawei has released its business results for the first half (H1) of 2022. The company finds it to be in line with its forecast.
In the first 6 months of 2022, the company generated CNY301.6 billion ($45 billion) in revenue, while the net profit margin stood at 5%. The Carrier BG contributed most rewardingly to the Huawei business with CNY142.7 billion ($21.3 billion) during the period. Similarly, Enterprise BG and Device BG meanwhile contributed BG CNY54.7 billion ($8.1 billion) and CNY101.3 billion ($15.1 billion) respectively.
Huawei H1 business results summary in the table:
Huawei H1, 2022
In amount (USD)
Huawei’s device business has taken a slump in recent years due to the US ban on products and services, however, the company continues to show strong financial output through its infrastructure business.
“While our device business was heavily impacted, our ICT infrastructure business maintained steady growth,” said Ken Hu, Huawei’s Rotating Chairman. “Moving forward, we will harness trends in digitalization and decarbonization to keep creating value for our customers and partners, and secure quality development.”
Huawei is one of the world’s leading providers of information and communications technology (ICT) infrastructure and smart devices. Founded in 1987, the tech giant is now operating in over 170 countries and regions and services over three billion people around the world.