Huawei announced its business results for the first half of 2023 today. Overall performance was in line with the forecast.
In 2023 H1, Huawei generated around USD 42.9 billion in revenue, with a year-on-year increase of 3.1% and a net profit margin of 15.0%. The company’s ICT infrastructure business contributed USD 23.05 billion, its consumer business USD 14.3 billion, its cloud business USD 3.3 billion, its digital power business USD 3.3 billion, and its intelligent automotive solution (IAS) business USD 137.8 million.
“I’d like to thank our customers and partners for their ongoing support,” said Sabrina Meng, Huawei’s Rotating Chairwoman. “I’d also like to thank the entire Huawei team for its solidarity and dedication. Huawei has been investing heavily in foundational technologies to harness trends in digitalization, intelligence, and decarbonization, focusing on creating value for our customers and partners. In the first half of 2023, our ICT infrastructure business remained solid and our consumer business achieved growth. Our digital power and cloud businesses both experienced strong growth, and our new components for intelligent connected vehicles continue to gain competitiveness.”
