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Huawei Business Results H1 2021: Achieved CNY320 billion in revenue with 9.8% net profit

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Huawei

Huawei released its first-half financial results of 2021. Though these results show a decline in the revenue compared to last year, the company is still satisfied with them.

According to Huawei, it generated a total of CNY 320.4 billion in revenue, with a net profit of 9.8%. Among its three different sectors, the overall revenue was divided as (US$1 – CNY6.4576):

  • Carrier business revenue: CNY 136.9 billion
  • Enterprise business revenue: CNY 42.9 billion
  • Consumer business revenue: CNY 135.7 billion

Looking at the past year’s performance, Huawei achieved a total sales revenue of RMB 454 billion in the first half of 2020. This revenue was contributed as CNY 159.6 billion, CNY36.3 billion, and CNY255.8 billion by Huawei’s carrier, enterprise, and consumer businesses respectively.

What Huawei believes in its H1 2022 performance?

Huawei’s Rotating Chairman Eric Xu has presented his thought on the company’s first-half performance. He justified the aim, which is currently to survive in difficult market conditions caused by the US ban.

Eric further added that its business will continue to serve its consumers and its partners well enough even be facing a decline in revenue. He also mentioned that Huawei is doing its best in the carrier and enterprise sectors, and is growing steadily.

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Assuring the users about Huawei’s continuous hard work and dedication, Xu also stated that the tech firm is looking forward to innovating in the new sectors and help to build a low carbon, intelligent world.

Huawei’s growth:

Huawei’s growth under the US sanctions is still a big question, which, Huawei is also working to solve. As the Rotating Chairman said, ‘Our aim is to survive and to do so sustainably’. Survival is what Huawei is currently seeking for the next five years while maintaining its quality service.

It seems that there is no other solution than exclusion of US sanctions, that can improve Huawei’s performance and make it come back in the consumer market globally. For once, the Chinese tech firm was leading the world in the smartphone market. Still, Huawei has made up its mind to forge ahead, while finding new alternatives for resources.

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Most of Deng Li's smartphones are from the Huawei ecosystem and his first Huawei phone was Ascend Mate 2 (4G). As a tech enthusiast, he keeps exploring new technologies and inspects them closely. Apart from the technology world, he takes care of his garden.

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How to watch Huawei HDC 2021 [Livestream]

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HDC 2021 Livestream

We’re just a few hours away from the Huawei Developer Conference 2021 (HDC 2021), and you can watch the entire HDC 2021 Livestream on the platforms given below.

HDC 2021 Livestream

There will be a number of new software technologies that will unveil at the event, so don’t forget to tune in on time. If you want to know more about the HDC 2021 schedule and attendees, visit the article linked below or jump directly on the HDC 2021 Livestream that starts at 07:30 BST/08:30 CEST/14:30 CST.

HDC 2021 Schedule, Keynote, and more – Read here

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Breaking: U.S. approved Billions USD worth licenses to Huawei

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Huawei U.S. License

This is quite interesting news, the U.S. has granted billions of dollars worth of licenses to Huawei from November through April to get access to U.S.-made technologies while being listed under the U.S. Entity List.

According to the document released by the U.S. Congress and seen by Reuters, Huawei has received over 113 export licenses worth 61 billion US dollars were approved for suppliers to ship products. Alongside the Chinese tech giant, the U.S. has also approved, around 188 licenses (worth 42 billion dollars to the Chinese semiconductor maker – SMIC.

The data shows that Huawei’s ratio of license approval was around 69% of the overall request for approval that has been made, while SMIC got approval for 9 out of 10 license applications.

However, the entire process is a bit complicated and there are plenty of senators and politicians that have voted to retain strict restrictions on the Chinese tech maker.

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Some of them have raised their doubts on the current U.S. president – Joe Biden on his low-level policy on Huawei and why it’s continues to get exceptions in terms of accessing technologies that could expand its business.

“It is just another example of President Biden not taking the economic and security threat posed by the Chinese Communist Party seriously,” said Republican Senator Marco Rubio.

Huawei U.S. License

U.S. Commerce Department Statement:

The Commerce Department has been the center of this entire matter since the beginning and imposed sanctions on Huawei. The commerce department said that the release of an “arbitrary snapshot” of license approvals “risks politicizing the licensing process and misrepresenting the national security determinations” made by the government.

Heart of the matter:

In May 2019, Huawei has been placed under the U.S. entity list, which bans the company from purchasing U.S.-made technologies such as important chipsets and so on. The company has also given up on making new chipsets due to the expansion of restrictions made by the U.S. government.

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However, the information regarding the current licenses has not been disclosed but there are certain licenses that have been denied in the process.

Furthermore, a previous report reveals that Of the 113 licenses approved for Huawei after U.S. Entity List, 80 were for non-sensitive goods that only required a license because the recipient was blacklisted. For SMIC, the figure was 121 of 188.

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Nope! HarmonyOS is not rolling out in Europe, not currently

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HarmonyOS Europe

In the past, we’ve seen a report that mentions that the HarmonyOS operating system has begun to rollout in Europe. Actually, it’s not true and we’re here to resolve all of the doubts on this matter that have been created so far.

So, there’s a screenshot that has been spreading across the internet regarding the recent rollout of software updates for the HarmonyOS powered devices. The version is HarmonyOS 2.0.0.209, which has been recently initiated in China.

This software package comes with a bunch of new features including the cross-device task center that is now expanding for different Huawei smartphones.

Regarding the software update, is HarmonyOS 2.0.0.209 is rolling out in Europe? The answer is a clear NO!

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Everyone knows that the software is currently working as a China-exclusive operating system and has not been announced nor it’s ready to adapt and work on global Huawei devices.

HarmonyOS Europe

Chinese HarmonyOS Software Build:

However, there are also some facts that you should know regarding the screenshot that has been appeared online. First, the build version has C00E207R5P6 numbers, which is a region code and it belongs to China.

This further clears our doubts regarding the rollout of HarmonyOS in Europe and in the global markets.

HarmonyOS for Global Users:

HarmonyOS is a cross-device operating system and it’s designed to work across various platforms – smartphones, tablets, smartwatches, home devices, IoT, smart consumers, business, and smart cars as well.

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Huawei has already upgraded 120 million smartphones in China with this new operating system but remained silent on its global appearance. Therefore, fans are eagerly waiting for their terms to upgrade over the new operating system.

The wait is also fueled by the long haul of any major upgrade for their device that has long been forgotten by the company and needs the nourishment of care such as a major announcement of features respectively.

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