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Huawei stand at Mobile World Congress in Barcelona, 2025.
Arjun Harpal | Cnbc
On Monday, Huawei announced a sharp jump in 2024 when its main telecommunications and consumer business accelerated.
Huawei reported the profit for 2024 from 862.1 billion of Chinese yuan ($ 118.2 billion), which is 22.4% compared to last year.
According to CNBC estimates, this is the second largest income of the company, just ashamed of recording 891.4 billion, reported in 2020.
However, net income decreased by 62.6 billion yuan, decreasing by 28% against 2023. Huawei said this was the result of an increase in investment.
This happens when the Chinese technological giant tries to adapt its business to fight US sanctions that have restricted access to key technologies such as semiconductors.
Huawei spent 179.7 billion yuan on research and development, which equates to 20.8% of its income. This is above 164.7 billion research works in 2023. Huawei is engaged in diversification of its business in industries, including data centers for AI, cloud computing and automotive technology.
Sales of Huawei last year were due to the two largest enterprises – ICT infrastructure and consumer – which together account for about 82% of the total income of the company.
Revenue in the ICT infrastructure department, which includes its business carrier, increased by 4.9% compared to the last year to 369.9 billion yuan. This is the largest Shenzhen Business with income headquarters. Huawei-one of the world’s largest telecommunications companies, and the company said the large-scale 5G scale of the next generation helped to achieve growth.
The company also stated that in 2024 the first year of commercial deployment of the next generation networks, dubbed 5.5 g or 5 g, which also helped to ensure the sale.
Renaissance smartphone in China
Acceleration in the Huawei consumer business also contributed to its income. Consumer business has launched a sale of 339 billion yuan, an increase of 38.3% and a sharp acceleration from the growth that was observed last year.
Huawei, once the world’s largest player smartphones, saw his smartphone business, in particular restricted it access to key chips and Google Software.
However from the end of 2023 A a semiconductor breakthrough China allowed Huawei to regroup and release high -end phones that are sold very well inside the country.
In 2024, Huawei smartphones in China jumped 37% compared to last year, while its market share increased to 16% from 12% in 2023, according to CANALYS. This happened through AppleIn which there is a decrease in market share, and deliveries fall.
Huawei Aggressively launched premium troops including The first in the history of the trifoland there is too began to slowly restore devices abroad.
Meanwhile, Huawei also released Harmonyos 5 in 2024, the first version of its self -developed mobile operating system that Reportedly no longer uses Any open source code from Google Android.
Still the analysts have said CNBC What foreign prospects Huawei remain a problem, given the lack of access to Android, which works on most smartphones in the world, and continues to restrict access to the most advanced chips, such as in the Apple and Samsung device.
New Business -Focus
To mitigate some consequences of US sanctions over the past few years, Huawei has been pushing into new areas such as its digital electricity, which includes focus on energy infrastructure in areas such as electric sources.
This segment – still a whole new business – saw that the profit increased by 24.4% to 68.7 billion yuan.
Meanwhile, cloud calculation income increased by 8.5% compared to last year.
The smallest business Huawei, called Intelligent Automotive Solution, reported revenue growth by 474.4% compared to last year to 26.4 billion yuan. Huawei is developing software in the car as well as driver assistance for automakers.
