The company is progressing as predicted by Huawei’s financial growth. Huawei announced this week that its revenue for the first half of 2023 was 310.9 billion (Chinese yuan). According to commercial reports, Huawei has been able to achieve 3.1 percent growth and 15 percent profit per year.
The company generated 167.2 billion Chinese yuan from its ICT infrastructure business, 103.5 billion from its consumer business, 24.1 billion from its cloud business, 24.2 billion from its digital power and one billion Chinese yuan from its intelligent automotive solution (IAS) business.
Sabrina Meng, rotating chairwoman of Huawei, said, “Thanks to our customers and partners for supporting us. I express my gratitude to the entire Huawei team for working together with dedication. We are investing in the development of fundamental technologies related to digitization, intelligence and decarbonization to ensure a better experience for customers and partners. In the first half of 2023, our ICT infrastructure business and consumer business were well positioned. In addition, our Digital Power and Cloud business has achieved good growth and various solutions related to intelligent connected vehicles have responded to the market.”