Huawei Announces 2017 H1 Business Results

Revenue hits CNY283.1 billion, a 15% increase year-on-year

[Shenzhen, China, July 27, 2017] Huawei today announced its business results for the first half of 2017. In the first six months of this year, Huawei generated revenue of CNY283.1 billion, an increase of 15% over the same period last year. The company's operating margin was 11%. ^[1]

Huawei continued to boost the efficiency and quality of its operations, and achieved solid growth across all three of its business groups in the first half of 2017. The company is expected to maintain its current momentum, and round out the year in a positive financial position.

In the carrier business, Huawei continues to focus on enabling customer success and to help global carriers drive digital transformation in all industries. Its business solutions help carriers lower the cost of their network construction from end to end. The company is leading collaborative innovation in 5G, continuing to innovate in 4.5G, and seizing key opportunities arising from video, B2B, and the Internet of Things (IoT). With Huawei's support, carriers are building All-Cloud networks and unlocking the potential of their existing networks. Together, Huawei and carriers are following the path toward new, value-driven growth.

In the enterprise business, Huawei continues to build open, resilient, flexible, and secure ICT platforms. More and more industry-leading companies have chosen Huawei as their partner for digital transformation. As new developments in ICT continue to accelerate the digital transformation of industries, Huawei's innovative products and solutions, including cloud computing, All-Cloud networks, enterprise wireless, IoT, big data, storage, and servers, have been widely adopted in sectors like government, finance, electricity, transportation, manufacturing, and especially safe city. Huawei has also stepped up efforts and investment in the areas of industry alliances, business alliances, open source communities, and developer platforms in order to build an open digital ecosystem.

Huawei's Consumer BG has maintained its tight focus on the needs of consumers. Working with top global partners, the Consumer BG focuses on meaningful digital-era innovations that enable the delivery of smart gadgets offering an inspired experience to global consumers. Huawei's flagship products, such as the HUAWEI Mate 9, HUAWEI P10, Honor 9, and HUAWEI MateBook E/X/D, have been well received by consumers worldwide. The company has achieved new levels of global recognition as a premium brand.

Huawei is committed to building an open ecosystem and exploring the future with its partners. The company will continue its pipe strategy and focus on ICT infrastructure in order to create value for customers and achieve sustainable growth.

[1] The disclosed data has not been reviewed by Huawei's auditor; exchange rate: US$1.00 = CNY6.7671.