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Huawei Announces H1 2013 Operation Results
Jul 24, 2013 10:00

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Huawei Announces H1 2013 Operation Results

-- Sales revenue reaching CNY 113.8 billion, a 10.8% increase year on year

[Shenzhen, China, July 24 2013]: Huawei, a leading global information and communications technology (ICT) solutions provider, today announced its unaudited financial and operational results for the first half of 2013. In the first six months of the year, Huawei generated revenues of CNY 113.8 billion, an increase of 10.8% over the same period in 2012. Based on this robust growth and other positive business indicators, Huawei expects to generate a net profit margin of 7-8% in 2013.

"Our success in H1 2013 was mainly driven by the steady growth of the Carrier Network business, the expansion of the Enterprise business, and the fast growth of the Consumer business, as well as the continuous enhancement of our overall operational efficiency. Revenues and profit are in line with our expectations," said Cathy Meng, Chief Financial Officer, Huawei. "From these positive indicators, we believe Huawei will generate strong performance and profit margins in the second half of this year and are confident that we will achieve our goal to increase revenue by 10%."

Looking ahead, we will continue to focus on our pipe strategy, increase investment in core growth areas for the business, and boost efficiency through a series of operational and management reviews and improvements. Huawei will also create more value for our customers by providing them with even more innovative and competitive products and services.

1 USD = CNY 6.1375

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