Huawei’s First-Half Net Profit Rose on Strong Smartphone Sales, Car Business
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
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Source: WSJ
Huawei's Financial Performance: Huawei Technologies reported an 18% increase in net profit for the first half of the year, reaching 54.9 billion yuan ($7.70 billion), driven by strong smartphone sales and growth in its car business.
Revenue Growth: The company's revenue surged by 34%, totaling 417.5 billion yuan compared to the previous year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
