Sunday, August 14, 2011

Huawei's Revenue Growth Slows to 11% in First Half of 2011

Huawei reported sales of CNY 98.3 Billion in 1H2011, up 11% year-over-year, as operating profit reached CNY 12.4 billion. Some notes highlighted by the company:

  • In the first half of 2011, Huawei launched the first multi-mode SingleRAN solution which supports both WiMAX and LTE, and helped Saudi Arabian operator Mobily deploy the world's first TD-LTE/WiMAX dual-mode commercial network.
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  • During this period, Huawei also deployed over 130 SingleRAN commercial networks around the world, all of which support LTE. More than 40 of those operators who have deployed the SingleRAN technology will have launched or will soon launch LTE networks.
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  • Huawei won optical supply contracts with six of the seven national broadband projects in the world.
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  • In early 2011, Huawei established its Enterprise Business Operation Center, actively promoting the ICT transformation of the enterprise market. Huawei Enterprise has expanded its businesses into over 100 countries, providing ICT infrastructure construction and information services to multiple industries including government, finance, transportation, power, energy and the Internet.
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  • Huawei Device saw its shipments jump by 40% year-over-year to 72 million units.

"Huawei's performance in the first half of 2011 was in line with our expectations, while growth was stable and robust," said Cathy Meng, Chief Financial Officer, Huawei. "Although the global economy continues to face uncertainty, we remain confident in achieving our annual sales target of CNY 199 billion with our Device and Enterprise businesses as new growth drivers."

  • For its full-year 2010, Huawei reported sales revenues of CNY 185.2 billion (US$28.36 billion), a 24.2% growth over the previous year. For 2010, Huawei also reported an increased net profit of CNY 23.8 billion (US$3.64 billion), up 30.0% from 2009, and net profit margin of 12.3%.