Huawei Reported A 23.2% Increase in Its Revenue In H1 2019 Despite The US Ban

In spite of the US-Sino trade war, the Chinese tech company Huawei reported a 23.2 percent increase in its revenue in H1 2019, hitting 401.3 billion yuan (equivalent to 58.3 billion dollars) on July 30. Its net profit margin reached 8.7 percent.

Liang Hua, the Chairman of Huawei asserted that the company’s operations have remained smooth, and its organization is always effective.

All of the financial indicators have shown its excellent performance and management, and hence, it’s not difficult to explain why Huawei’s business has had such a powerful development.

In terms of the consumer business, its sales revenue in the first half of 2019 touched 220.8 billion yuan (equivalent to 32.08 billion dollars).

According to the company’s report,

In addition, the number of its shipped smartphones hit up to 118 million, increasing by 24 percent year-on-year. The above number included HONOR smartphones.

Huawei’s revenue has continued to show a significant increase although the United States placed it into the entity list. The Chairman said,