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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 Sustainably |
In the first half of 2023, Huawei recorded revenue of US$42.96 billion, up 3.1% year-on-year, with a net profit margin of 15%. Accordingly, revenue from Huawei's ICT infrastructure and consumer business segments reached US$23.10 billion and US$14.30 billion, respectively. Meanwhile, Huawei's Cloud, Digital Power, and Intelligent Automotive Solution (IAS) business segments recorded revenue of US$3.33 billion; US$3.34 billion and US$137.8 million, respectively.
“I would like to thank Huawei’s customers and partners for their continued support and companionship. I would also like to thank the entire Huawei team for their solidarity and dedication,” said Huawei Rotating Chairwoman Meng Wanzhou.
"In the first half of 2023, Huawei's ICT infrastructure business continued to develop sustainably and steadily. The consumer device segment also recorded signs of growth. In particular, there was strong development in the two businesses of Huawei Cloud and Huawei Digital Power. In addition, our products participating in the field of intelligent connected vehicles also continued to maintain their competitiveness in the market," Ms. Meng Wanzhou added.
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