Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Huawei Sales Revenue Reached CNY 98.3 Billion in 1H 2011

Huawei Sales Revenue Reached CNY 98.3 Billion in 1H 2011;
Operating Profit Reached CNY 12.4 Billion

New Zealand, 18 August, 2011:

Huawei, a leading global information and communications technology solutions provider, today released its financial results for the first half of 2011. Sales revenue grew 11 percent year-over-year to CNY 98.3 billion and operating profit reached CNY 12.4 billion.

“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.”

While Huawei has traditionally focused on providing telecom solutions for the operator segment, it is transforming into an integrated ICT solutions vendor to capitalize on the significant growth presented by this market.

In the first half of 2011, Huawei continued to further enhance its leading position in the carrier market. In the wireless area, 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. 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. Huawei also continued to solidify its position as the top optical and access network equipment provider, winning six of the seven national broadband projects in the world.

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. Huawei has launched an


upgraded version of its Telepresence product, an HD video conferencing system. In the first half of the year, more than 500 Telepresence systems were shipped, driving the total shipment to over 1,000 units. Huawei also launched a new high-performance access router, delivering comprehensive IP network solutions to its enterprise customers.

Huawei also introduced new cloud computing business models by launching cloud solutions for the visual media (“Media Cloud”) and healthcare (“Health Cloud”) industries. Huawei's cloud computing and data center solutions have been deployed in over 20 countries in the world, widely used across different industries such as operators, medical, radio & broadcast, the Internet, education and e-government, among others.

Huawei Device realized strong growth during this period, with shipments up by 40% year-over-year to 72 million units. In the mobile broadband market, Huawei continued to lead the industry, ranking among the top providers globally. The handset business grew by over 100% with smartphones at the center of the growth and the shipment of Android-based smartphones ranking among the top five in the world. In addition, Huawei launched one of the industry's first cloud service platforms and first cloud smartphone, as well as the world's first 7-inch Android 3.2 honeycomb dual-core tablet, the Media Pad.

-End-

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Barfoot and Thompson: Auckland Housing Prices Shrug Off Winter Concerns

Auckland house prices shrugged off the normal winter downturn, concerns about increasing prices and warnings of possible future interest rate rises in July.
“Mounting concerns about the prices being paid and possible future interest rate increases did nothing to dampen July trading... More>>



Stats NZ: Sharp Falls In Unemployment And Underutilisation

The seasonally adjusted unemployment and underutilisation rates fell to 4.0 and 10.5 percent, respectively, in the June 2021 quarter, Stats NZ said today. The unemployment rate continued to fall from its recent peak of 5.3 percent in the September 2020 quarter... More>>


FIRST Union: Do Shareholders Realise Marsden Point Conversion Could Cost More Than Half A Billion Dollars?

FIRST Union, the union representing workers at Refining NZ, are querying whether shareholders voting on Friday on whether to convert the Marsden Point refinery to an import-only terminal realise the conversion could cost $650-700 million dollars... More>>


Transport: July 2021 New Vehicle Registrations Boosted By EV Rebate Scheme
Motor Industry Association Chief Executive David Crawford says that July 2021 sales of new vehicles were boosted by the recently introduced rebate scheme. July 2021 registrations were 15,053 units compared to 12,263 units for July 2020... More>>



ASB: New Support Finder Tool Helps Connect Customers With Thousands In Government Support

ASB research alongside benefit numbers from the Ministry of Social Development shows an increased number of Kiwis are struggling financially, and many may not be aware they’re eligible for government support... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>