Huawei releases 2019 third quarter financial report, revenue has increased significantly

As a well-known company, whether it is a mobile phone or a chip release, Huawei has attracted global attention. Huawei has suffered some setbacks this year, and people have paid more attention to its financial reports. Just now, Huawei released its operating results for the third quarter of 2019. As of the third quarter of 2019, the company achieved sales revenue of RMB 610.8 billion, a year-on-year increase of 24.4%; net profit margin was 8.7%.

Focusing on ICT infrastructure and smart terminals, Huawei continued to improve the company’s operational efficiency and quality of operations. In the first three quarters of 2019, its business operations were stable, the organization was stable, and stable operations were achieved. In terms of operator business, with the acceleration of global 5G commercial deployment, Huawei and many leading operators have released innovative solutions such as 5G “super uplink” and intent-driven bearer networks, and established 5G deterministic network industry alliances and industries with many industry partners. Innovation bases, etc., enable operators to innovate and grow. Up to now, Huawei has signed more than 60 5G commercial contracts with the world’s leading operators, and more than 400,000 5G Massive MIMO AAUs have been sent to all parts of the world. The production and supply of optical transmission, data communication, and IT has grown steadily.

The enterprise business officially released the “Wilder Digital Platform” for the overall enterprise market. With the characteristics of accumulation, integration, openness and efficiency, it will build a digital world base with customers and partners, jointly build a trillion digital industry, and accelerate the assistance of the government, public utilities, and finance. The digitalization process of industries such as, transportation, and electric power. As of the third quarter, more than 700 cities, 228 Fortune 500 companies and 58 Fortune 100 companies have chosen Huawei as their digital transformation partner.

Cloud business becomes a new engine for Huawei’s revenue growth

According to Huawei’s official introduction, Huawei’s cloud business development has entered the fast lane. In the third quarter, Huawei released its overall computing strategy for the first time, launching the world’s fastest AI training cluster Atlas900 and Huawei Cloud Ascend AI cluster services, 112 models based on Kunpeng and Ascendant. Innovative products such as new services and industrial intelligent bodies have achieved major breakthroughs in the government, Internet, automobile manufacturing, and finance industries; 3 million enterprise users and developers have been developing in the cloud on HUAWEI CLOUD.

In terms of consumer business, the smartphone business maintained steady growth, with shipments exceeding 185 million units in the first three quarters, an increase of 26% year-on-year; new businesses such as PCs, tablets, smart wearables, and smart audio achieved rapid growth. The smart screen released in the third quarter has won unanimous praise from the industry and consumers with its software and hardware innovations. The consumer-centric full-scenario smart ecological layout has been further improved; Huawei’s terminal cloud service ecosystem has developed rapidly and has Covering more than 170 countries and regions around the world, there are more than 1.07 million registered developers worldwide.

Bright performance in the first half of 2019

In July 2019, Huawei held a performance conference for the first half of 2019. According to Huawei’s chairman Liang Hua, Huawei’s revenue in the first half of the year was 401.3 billion yuan, a year-on-year increase of 23.2%, with a net profit margin of 8.7%.

Huawei’s business is based on three major businesses, of which consumer business is 220.8 billion yuan, accounting for 55%, operator business is 146.5 billion yuan, accounting for 36.5%, and corporate business is 31.6 billion yuan, accounting for 7.9%. According to reports, Huawei shipped 118 million smartphones in the first half of the year, an increase of 24% year-on-year. Up to now, Huawei has obtained 50 commercial 5G contracts and shipped more than 150,000 base stations worldwide. According to Liang Hua, Huawei plans to invest 120 billion yuan in R&D in 2019.

Liang Hua said, “Before May, Huawei’s revenue grew rapidly. After the’Entity List’, it also achieved growth due to market inertia. Huawei still faces great difficulties, and these difficulties may temporarily affect our pace of progress. , But will not change the way forward. We are full of confidence in the future and will continue to invest in the future. We plan to invest 120 billion yuan in R&D in 2019. I believe that after overcoming short-term difficulties and challenges, Huawei will enter a new period of development.”

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