Huawei earned 221.6 billion yuan ($ 32.2 billion) in revenue in the April-June quarter, an increase of 23 percent over the previous quarter, despite the escalation of the US-China trade war that American companies. The net profit margin was 8.7 percent on 401.3 billion yuan ($ 58.3 billion) revenue for the first six months of 2019.
Huawei sold 118 million smartphones in the first half of the year – 59 million in each quarter – an increase of 24 percent on an annual basis. Huawei's consumer business achieved 220.8 billion yuan ($ 32.1 billion) in revenue over the same period, which is 55 percent of the company's total revenue.
"Sales grew rapidly until May," said Liang Hua Chairman statement. “Given the foundation we laid in the first half of the year, we continue to see growth, even after we have been added to the entity list. That does not mean that we have no problems. We do that, and they can influence the pace of our growth in the short term. But we remain on course. & # 39;
Due to Huawei's complex private ownership structure, the company is not required to provide financial figures on a regular basis and its release of income is much less detailed than you would expect from its listed competitors. But Huawei is releasing more information than ever before – the April quarterly report was actually the first ever.
The figures come when Canalys issues a report today with information about the increasing dominance of Huawei in the Chinese smartphone market in the past quarter. Despite an overall market decline of six percent, the ninth consecutive quarterly slide, Huawei managed to grow 31 percent year on year to capture 38 percent at home.
This was at the expense of all major competitors of Huawei – Xiaomi, Oppo, Vivo and Apple – which, according to the report, all fell double-digit. China accounted for 64 percent of shipments from Huawei, the highest percentage since 2013.