Huawei calls for a healthy global competitive environment as it posts strong H1 2019 performance
Thursday, 01 August 2019
Liang Hua, Chairman of Huawei Technologies announced the performance numbers during a presentation and press conference at the company headquarters on Tuesday.
Huawei announced on Tuesday an increase of 23.2% in sales revenue during the first half of 2019. The company’s net profit margin was 8.7%.
For the period of January-June, revenues reached 52.3 billion EUR, Liang Hua, Chairman of Huawei Technologies announced during a presentation and press conference in Shenzhen on Tuesday.
For its consumer division, Huawei shipped approximately 118 million smartphones during the first six months of the year, which is a 24% increase year on year.
For its carrier business department, the telecom company has so far signed over 50 5G commercial contracts across the world. The company has also already deployed 150,000 5G base stations, and expects this number to reach 500,000 by the end of the year.
28 of the 5G contracts signed so far have been in Europe, Abraham Liu, Chief Representative to the EU institutions, told Brussels press during a follow up roundtable, and emphasised that the company is determined to work closely with the EU and its telecom industry to bring a smooth and efficient deployment and implementation of 5G to Europe.
Highlighting the tremendous opportunities 5G will bring to a wide range of industries and for consumers, Liu also stressed the importance of working towards and maintaining a healthy and open global market, with transparency and equal access for everyone. This is the best way for most technological progress to be achieved, and for companies to remain incentivized to be as productive as possible and offer the best solutions possible to end customers, he argued.
“At Huawei, we believe that market access doesn’t equal market share. In the field of ICT, market share should be won by providing the best solutions and services to customers, based on innovation capabilities. This is what a healthy competitive environment is about,” Liu said.
“In the latest China Mobile’s 5G core network project, Ericsson and Nokia were awarded 46 % of the market share in total. In the China Mobile 10GPON smart home gateway tender totalling two million units, Nokia was awarded around 35 % of the procurement value. These figures illustrate that China’s dynamic telecom market provides a level playing field to all vendors,” Liu also pointed out, as he urged other markets to follow suit and not stifle healthy competition and innovation.