Huawei Technologies Co said on Friday it generated 320.4 billion yuan ($ 49.6 billion) in revenue in the first half of this year, with a net profit margin reaching 9.8%.
The Chinese tech giant said its overall performance was as expected.
Specifically, its transportation business group recorded 136.9 billion yuan in revenue, revenue from its business activities was 42.9 billion yuan, and revenue from its consumer activities was 135.7. billion yuan.
Xu Zhijun, rotating chairman of Huawei, said, “We have set our strategic goals for the next five years.”
“Our goal is to survive and to do so in a sustainable way. We will achieve this by creating practical value for our customers and partners. Despite a decline in revenues from our consumer business caused by external factors, we are confident that our carrier and corporate business will continue to grow steadily. “
Xu continued, “These have been difficult times, and all of our employees have moved forward with extraordinary determination and strength. I would like to thank every member of the Huawei team for their incredible efforts. In the future, we continue to believe deeply into the power of digital technology to provide new solutions to the problems the world faces today. We will continue to innovate to help build a smart, low-carbon world. “