Huawei (HUAWEI) H1 2024 earnings summary

Executive summary

• Revenue reached CNY417.5 billion in H1 2024, a 34.3% year-over-year increase.

• Net profit margin stood at 13.2% for the first half of 2024.

• Performance aligned with internal forecasts, emphasizing high-quality business processes and portfolio optimization.

Financial highlights

• Revenue for H1 2024 was CNY417.5 billion, up 34.3% compared to the same period last year.

• Net profit margin for H1 2024 was 13.2%.

Outlook and guidance

• Focus remains on driving high quality, optimizing the business portfolio, and building robust ecosystems to enhance competitiveness.