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Huawei Group announced its business report for the first half of 2023, recording overall business results in line with forecasts.
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| Huawei's ICT infrastructure business continues to grow steadily. |
In the first half of 2023, Huawei recorded revenue of $42.96 billion, a 3.1% increase year-on-year, with a net profit margin of 15%. Specifically, revenue from Huawei's ICT infrastructure and consumer electronics businesses reached $23.10 billion and $14.30 billion, respectively. Meanwhile, Huawei's Cloud, Digital Power, and Intelligent Automotive Solution (IAS) businesses generated revenues of $3.33 billion, $3.34 billion, and $137.8 million, respectively.
Huawei's rotating chairwoman, Meng Wanzhou, shared: "I would like to express my gratitude to Huawei's customers and partners for their unwavering support. I would also like to thank the entire Huawei team for their unity and dedication."
"In the first half of 2023, Huawei's ICT infrastructure business continued to grow steadily and sustainably. The consumer electronics segment also showed signs of growth. In particular, there was strong development in the Huawei Cloud and Huawei Digital Power businesses. In addition, our products involved in the smart connected vehicle sector continued to maintain their competitiveness in the market," added Ms. Meng Wanzhou.
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