Huawei announces slowing sales growth under US pressure
Huawei announces slowing sales growth under US pressure

Huawei, the world's second-largest smartphone maker, announced sales growth of 13.1% in the first half of the year, indicating slower growth as U.S. officials continue to pressure suppliers and customers. Companies.

In the first half of this year, the company's sales reached 454 billion yuan (about 64.9 billion US dollars), up 13.1% compared to 401.3 billion yuan last year. However, the company's growth rate increased from 23.2% in the first half of 2019. The company stated that the net profit margin was 9.2%, higher than 8.7% in the first half of 2019.

The Chinese technology company released the report the day before the day British officials expected the removal of Huawei devices from Huawei's telecommunications network. More than a year after US officials pressured the company's suppliers and customers, the company's revenue increased. The company sells 5G network devices to telecom companies, smartphones and laptops to consumers.

Last May, US officials blacklisted Huawei, restricting U.S. products such as semiconductors sold in the United States. However, Huawei managed to collect semiconductor stock and continue to develop its own chips, which were manufactured by Taiwan TSMC and other companies.

The company said in a statement on Monday, "Huawei is committed to continuing to fulfill its obligations towards customers and suppliers, and will continue to do so to help develop the global digital economy and technology." Whatever the future challenges of the company. how is she. "

In May last year, US officials announced new regulations aimed at reducing Huawei's chip delivery capabilities, which would seriously hamper their efforts to sell 5G network devices.

Performance in the first half of 2020 shows a faster rate of growth than the first quarter results from Huawei released in April. First quarter sales increased nearly 1% to 182.2 billion yuan, compared to a growth rate of 39% in the same period last year. Net profit margin in the first quarter increased from about 8% in the previous year to 7.3%.

Huawei has not reported mobile phone shipments, but market research firm IDC has already said that Huawei ranks second in the smartphone market in the first quarter of 2020, with a market share of 17.8%, just behind Samsung and Apple, third

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