Earlier today, Huawei announced their unaudited financial statements for the first half of 2015. Huawei continues to trounce the other telecom equipment manufacturers showing an incredible 30% YoY increase in sales.
Compared to Western telecom equipment vendors including Ciena, Alcatel-Lucent and Ericsson, Huawei growth is staggering. According to their latest unaudited results, revenues grew to 175.9 billion Chinese yuan (US$28.3 billion) in the first half of the year, from about RMB135.3 billion ($21.8 billion) in the same period of 2014.
Huawei also reported an operating margin of 18%, down slightly from 18.3% in the first six months of 2014 but a large increase on last year’s 11.9%.
As China’s largest networking equipment manufacturer, Huawei has benefitted from the recent increase in spending on 4G networks by China’s three main mobile operators.
“In the first half of 2015, Huawei achieved stable and healthy growth in all of its three business segments,” said Huawei’s Chief Financial Officer Meng Wanzhou. “Investment continued to pour into 4G network construction in China. In addition, the growth in global data traffic drives investment in network capacity expansion, while carriers’ digital transformation pushes up investment in the ICT industry,” Meng said. “These factors helped us maintain steady growth in the carrier business.”
To see more details on Huawei’s results, see http://pr.huawei.com/en/news/hw-445264-2015h1businessresults.htm#.Va0MB_lViko
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