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Huawei recorded over $118 billion revenue in 2024, reveals Chairman

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Huawei 2024 revenue

Huawei Chairman – Liang Hua (Howard Liang) reportedly revealed that the company’s annual sales revenue surpassed $118 billion in 2024. The executive attended an event in Guangzhou where he highlighted Huawei’s achievements over the past year.

Liang delivered a keynote at the Province High-Quality Development Forum today. In his speech, he mentioned that 2024 has been a challenging year for Huawei. Yet the company managed to deal with every situation and came out with flying colors.

The executive further said that Huawei revenue has reached over $118 billion (860 billion yuan) in 2024. It is an increase of 22% YoY. For reference, the tech giant recorded 704.2 billion yuan in sales revenue in 2023 with the fastest growth.

A major credit goes to “extraordinary products” launched last year. The official stated that the OEM’s revenue is in line with all expectations. The ICT field has been stable throughout the year, the smartphone business is doing good in the market, and the automotive solutions business is also growing.

Liang Hua said:

“In 2024, Huawei’s overall operations met expectations, ICT infrastructure remained stable, consumer business returned to growth, and the smart car solutions business developed rapidly, with annual sales revenue exceeding 860 billion yuan.”

In Q1 2024, Huawei obtained revenue of 417.5 billion yuan for its impressive devices and innovative Qiankun solutions. It was a hike of 34.3% with a net profit of 13.2%.

Huawei’s Chairman noted that the constant support of global customers as well as partners in all sectors helped the company to attain new heights of success.

Liang pointed out that despite external challenges and ‘uncertainties’, the firm is moving toward the trend of digitalization, intelligence, and low carbonization.

The company is now preparing to unveil dynamic products this year. Richard Yu – the Chairman of Huawei Consumer Business revealed that a new ‘masterpiece’ product is coming with amazing features. Perhaps, the tech maker is ready to raise its annual sales revenue bar in 2025.

Huawei 2024 revenue

Huawei recorded over $118 billion revenue in 2024, reveals Chairman (Image Credits: Huawei)

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