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interface news reporter | lu keyan

interface news editor | liu fangyuan

on august 29, huawei released its operating results for the first half of 2024. in the first half of the year, the company achieved sales revenue of 417.5 billion yuan, the highest in four years, a year-on-year increase of 34.3%, and a net profit margin of 13.2%. compared with the same period in previous years, revenue reached the highest peak in four years, and net profit exceeded 50 billion yuan for the first time, a year-on-year increase of 15.4%.

huawei's rotating chairman xu zhijun said，first half of the yearoverall operations were stable and results were in line with expectations.

huawei previously announced that its first-quarter revenue was 178.45 billion yuan. based on this calculation, huawei's second-quarter revenue was approximately 239.05 billion yuan, which is also the highest peak in four years.

after going through the "survival" period, huawei began to work hard to make money.

currently, huawei is divided into five major business segments, namely ict infrastructure business, terminal business, cloud computing business, digital energy business and intelligent vehicle solutions business (vehicle bu). huawei has not announced the specific revenue of each segment. according to last year's annual report, the terminal business is still the main source of huawei's revenue, while huawei cloud is the fastest growing.

huawei's terminal business is still recovering lost ground. according to a report released by the international data corporation (idc), huawei ranked first in china's smartphone market in terms of shipments in the first half of the year with a market share of 17.5%, and it is still the fastest growing leading manufacturer.

however, huawei is also facing pressure from the overall environment of the mobile phone market. in the first half of the year, huawei's pura 70 series, mate60 series and some configurations of mate x5 have actively reduced prices, which is also an extremely rare official price reduction promotion by huawei.

the automotive bu is undoubtedly huawei's fastest growing business. in 2023, huawei began to promote the independent market operation of the automotive bu, and in january this year, it established shenzhen yinwang intelligent technology co., ltd. (hereinafter referred to as "shenzhen yinwang"), a new company established by huawei's automotive bu. the company is loaded with the technology and resources of the automotive bu, and has introduced a number of auto companies such as changan automobile and seres to participate in the shares, with the goal of building a technology open platform with diversified equity.

according to the "major asset purchase report (draft)" released by seres this month, shenzhen yinwang's revenue from january to june 2024 was 10.43 billion yuan, and its net profit reached 2.231 billion yuan, with a net profit margin of 21.38%. based on this, huawei's automotive bu's revenue in the first half of the year exceeded 1 million, a tenfold increase compared with last year.

in less than three years since entering the industry, huawei has quickly become one of the leaders in new energy vehicles.on june 26 this year, huawei announcedthe cumulative order of the m9 exceeded 100,000 in the six months since its launch, ranking first in sales of luxury cars priced above 500,000 yuan. in august this year, the enjoy s9, a joint venture between huawei and baic, was launched. huawei has invested a lot of marketing resources in this effort, striving to create the next hit like the new m7.

also worth mentioning are the ict infrastructure business and cloud computing business. according to data released by canalys, the total size of china's cloud infrastructure service market reached us$9.2 billion in the first quarter of 2024. huawei cloud's market share was 19%, maintaining its position as the second largest cloud service provider. while competing for large corporate customers, huawei cloud also intends to tap more small and medium-sized enterprise customers through forms such as b2b enterprise festival.

at this year's huawei analyst conference, xu zhijun elaborated on huawei's key strategic initiatives for 2024. he mentioned that the ecosystem is crucial to huawei's industrial development. in 2024 and the next five years, huawei will make strong strategic investments in the development of the ecosystem, and through the development of the ecosystem, it will guide, promote, and drive the development of the terminal industry and the computing industry.

"building the hongmeng native application ecosystem is the most critical thing for huawei in 2024; the second is building the kunpeng ecosystem; and then building the ascend ecosystem, which is the key to huawei's development of artificial intelligence," he said.