Huawei Announces Q1 2019 Business Results
On Apr 22, 2019, Huawei published its performance in 2019 Q1 on its official website.
On Apr 22, 2019, Huawei published its performance in 2019 Q1 on its official website. In 2019 Q1, the revenue of Huawei was CNY 179.7 billion, with a YOY growth rate of 39%. The net profit margin was 8%, which has a slight increase compared with that of 2018 Q1. Huawei focuses on the ICT infrastructure and the smart terminal and keeps increasing the operational efficiency and the operating quality of the company. In 2019 Q1, Huawei experienced a stable increase.
In 2019, the 5G commercialization has started its arrangement globally. Thus, Huawei’s carrier business receives a great opportunity. By the end of March 2019, Huawei has signed 40 5G commercial agreements with the leading carriers, and more than 70 thousand 5G base stations have been shipped around the world.
In Q1 2019, Huawei's Enterprise Business Group launched its Digital Platform and its new "Huawei Inside" strategy. Huawei is committed to building the foundations of a digital China and the core of a digital world by delivering the Digital Platform along with ubiquitous connectivity and pervasive intelligence. Huawei's Enterprise Business Group also deployed the world's first 5G-enabled Wi-Fi 6 access point. As of the end of Q1 2019, Huawei had shipped more Wi-Fi 6 products than any other company worldwide.
Huawei's Consumer Business Group continues to create value for consumers with its innovative products. Its core strategy is to deliver an intelligent experience to consumers across all scenarios. In Q1 2019, Huawei shipped 59 million smartphones. In other business segments like PCs, wearables, and smart home, Huawei has been welcomed by global consumers for its leading, innovative products, and superior user experiences.
Huawei Cloud remains committed to innovation. It aims to build the best possible hybrid cloud, provide full-stack AI solutions for intelligent industries, and make inclusive AI a reality. More than one million enterprise users and developers have chosen to work with Huawei Cloud. In Q1, Huawei Cloud services were launched in Singapore and released its AI model market.
The 5G network would offer the new power for Huawei to move forward. Huawei joined the making process of 5G standard and owns a lot of 5G patents. Though Huawei faced a lot of obstructions, it still gained a lot of orders for the 5G base station. In addition, Huawei’s Balong 5000 chip keeps a leading position comparing with competitors such as Qualcomm. With the popularization of the 5G phone, Huawei could generate higher revenue.
Although the U.S. government kept banning Huawei from offering more services and facilities to other countries, none of the European countries has officially announced to ban Huawei’s service. On the other hand, many countries have supported Huawei in public, including France, Finland, Brazil, and Hungary. Recently, Huawei also signed a “no-spy” agreement with the Germany government to guarantee the safety of its telecom service. As a service and facilities provider, Huawei is focusing on the research and development of its technology, but not on the taking of private information.