Huawei Generated $64 Billion in Revenue 2020 H1 Despite Sanctions and COVID-19 Pandemic

Huawei announced its business results for the first half of 2020 today. The company generated CNY454 billion in revenue during this period, a 13.1% increase year-on-year, with a net profit margin of 9.2%.[1] Huawei’s carrier, enterprise, and consumer businesses achieved CNY159.6 billion, CNY36.3 billion, and CNY255.8 billion in revenue, respectively.   As countries around the globe are grappling with the COVID-19 pandemic, information and communications technologies (ICT) have become not only a crucial tool for combatting the virus, but also an engine for economic recovery. Huawei reiterated its commitment to working with... Read More.
Huawei Generated $64 Billion in Revenue 2020 H1 Despite Sanctions and COVID-19 Pandemic