Huawei reported 1H2014 sales revenue of CNY135.8 billion (US$21.86 billion), an increase of 19% year-on-year with an operating margin of 18.3%. Huawei is employee-owned.
"Revenue and profit for the first half of 2014 are in line with our expectations. Driven by increasing investments in LTE networks worldwide, Huawei has further solidified its leadership position in mobile broadband. Rapid growth in software and services helped maintain steady growth in our carrier network business. Our efforts in the enterprise business have begun to pay off. We have enjoyed accelerated growth in this area. We also achieved quality and sustainable growth in our consumer business thanks to the increase of brand awareness and smart devices sales worldwide. Our flagship smartphone, the Ascend P7, is being sold in more than 70 countries and regions." said Cathy Meng, Huawei's Chief Financial Officer. "We are confident that in 2014 we will achieve sustainable growth, robust operations, and healthy financials."