Huawei has announced its financial results for the first half of 2020 which showed a 13.1% increase year-on-year and a net profit margin of 9.2%.
The tech giant generated CNY454 billion in revenue throughout the first half of the year. As for their carrier, consumer and enterprise business, they achieved CNY159.6 billion, CNY255.8 billion and CNY36.3 billion.
As countries across the world have been dealing with the COVID-19 pandemic as best they can, ICT has become absolutely essential to combatting the virus and containing its spread. Not only that, but it has also become an engine for economic recovery.
Huawei has been at the forefront of innovation, namely during this period which has been characterized by economic uncertainty. They have been key enablers in helping many industries maintain stable network operations, support efforts to contain the spread of the virus, accelerate digital transformation and reopen economies.