Huawei 2022 H1 financial results disclose performance according to prediction

Huawei has announced on Tuesday its business results for the first half of 2022, showing an overall performance according to the company’s prediction.

Huawei is a leading global provider of information and communications technology (ICT).

The company in 2022 H1 produced CNY301.6 billion ($45 billion) in revenue, with a net profit margin of 5.0 percent. The Carrier BG assisted CNY142.7 billion ($21.3 billion), the Enterprise BG CNY54.7 billion ($8.1 billion), and the Device BG CNY101.3 billion ($15.1 billion).

“While our device business was heavily impacted, our ICT infrastructure business maintained steady growth. Moving forward. We will harness trends in digitalization and decarbonization to keep creating value for our customers and partners, and secure quality development.” said Ken Hu, Huawei’s Rotating Chairman.