By PascalOparada
Social Media/Tech Reporter
Chinese network gear makers, Huawei has announced its half-year financial result. The company recorded 23.2 per cent revenue growth YoY, according a statement sent to TheNiche.
Despite being blacklisted by the U.S. government following a trade war between U.S. and China, the company chairman, Liang Hua said the company’s operations for the period mentioned was smooth due to effective management.
In Huawei’s carrier business, H1 sales revenue reached CNY146.5 billion, with steady growth in production and shipment of equipment for wireless networks, optical transmission, data communications, IT, and related product domains. To date, Huawei has secured 50 commercial 5G contracts and has shipped more than 150,000 base stations to markets around the world.
“Revenue grew fast up through May. Given the foundation we laid in the first half of the year, we continue to see growth even after we were added to the entity list. That is not to say we don’t have difficulties ahead,” Liang said.