Huawei 2024 Increase in revenues to the highest level in the return of the smartphone

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By sarajacob2424@gmail.com


Huawei booth at the mobile world conference in Barcelona, ​​2025.

Arjun Khabal CNBC

On Monday, Huawei reported a sharp leap in 2024, when basic communications and consumer companies accelerated.

HUAWEI recorded revenues for a period of 2024 from 862.1 billion yuan ($ 118.2 billion), an increase of 22.4 % on an annual basis.

This is the second highest revenue in the company ever, according to CNBC accounts, only a shy of the 891.4 billion yuan record for 2020.

However, net profit decreased to 62.6 billion yuan, a 28 % decrease compared to 2023. Huawei said this was the result of increasing investments.

This comes at a time when the Chinese technology giant is trying to adapt its business to deal with US sanctions that restrict their access to major technologies such as semiconductors.

Huawei has spent 179.7 billion yuan on research and development, equivalent to 20.8 % of its revenues. This is higher than 2023 R&D No. 2023. Huawei diversifies its business in areas including AI’s data centers, cloud computing and auto technology.

Huawei sales last year were driven by its largest companies – the communications and consumer infrastructure – which together represents about 82 % of the company’s total revenues.

Revenue in the Information and Communications Technology Infrastructure Department, which includes its carrier, increased by 4.9 % on an annual basis to 369.9 billion yuan. This is the largest Shenzhen works with revenue headquarters. Huawei is one of the largest telecommunications equipment companies in the world, and the company said that publishing widely for the next generation networks helped increase growth.

The company also said that the year 2024 was the first year of commercial publishing of the next generation networks, which is called 5.5G or 5G Advanced, which also helped to grant sales a boost.

China reviving smartphones

Huawei acceleration for consumers also helped revenue numbers. Consumer Company has made 339 billion yuan sales, an increase of 38.3 % and a sharp acceleration of the growth seen last year.

Huawei, which was once the largest smartphone operator in the world, has seen its smart works in particular that crushed US sanctions It is restricted to reaching the main chips and Google program.

From the end of 2023, however, a Semiconductor penetration In China, Huawei allowed the re -assembly and release of high -end phones that have sold very well.

In 2024, smartphone shipments in Huawei in China jumped by 37 % on an annual basis, while its market share increased to 16 % of 12 % in 2023, according to data from Canalys. This came on an account appleWhich witnessed a decrease in the market share and the shipments decreased.

Huawei launched the powerful smartphones, including The first group of three everHe also has I started to re -launch the devices slowly abroad.

Meanwhile, Huawei also released Harmonyos 5 in 2024, which is the first version of the Self -advanced mobile operating system It is said no longer used Any open source icon from Google Android.

Still, analysts CNBC said Huawei’s external horizons remain a challenge due to the inaccuracy of Android, which works on the majority of smartphones in the world, and continuous restrictions in reaching the most advanced cards, such as those in Apple and Samsung devices.

New business concentration

To alleviate some of the effects of US sanctions over the past few years, Huawei has been pushing into new areas such as the Digital Energy Department, which includes focusing on energy infrastructure in areas such as electric cars and renewable hardware.

This sector – which is still a very new work – has seen the revenue increasing 24.4 % to 68.7 billion yuan.

Meanwhile, cloud computing revenues increased by 8.5 % on an annual basis.

The smallest Huawei work, called AUTYOTYOTIOTIVE SOLUTION, has increased in revenue by 474.4 % year on an annual basis to 26.4 billion yuan. Huawei develops car programs as well as drivers assisting systems for third -party automobile companies.



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