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TOZE Canaveira
A company representative clarified this due to substantial investments in research and development (179.7 billion yuan or approximately 20% of revenue) combined with low earnings from device sales.
The revenue of the company for 2024 reached 862.1 billion yuan, reflecting an increase of 22.4% compared to 2023. Huawei stated that the figure was primarily influenced by a 4.9% increase in information and communications technology infrastructure, reaching 369.9 billion yuan. The gross profit margin stood at 44.4% in 2024, down from 46.2% in 2023.
The report indicated that revenue in Huawei's consumer segment, encompassing smartphones and various digital devices, increased by 38% to 339 billion yuan.
Revenue in Huawei's smart automotive solutions sector increased by over 4.5 times to reach 26.4 billion yuan. The cloud services sector expanded by 8.5 percent in 2024. Huawei's primary telecom sector saw a 5% increase in revenue last year.
source: reuters.com
The revenue of the company for 2024 reached 862.1 billion yuan, reflecting an increase of 22.4% compared to 2023. Huawei stated that the figure was primarily influenced by a 4.9% increase in information and communications technology infrastructure, reaching 369.9 billion yuan. The gross profit margin stood at 44.4% in 2024, down from 46.2% in 2023.
The report indicated that revenue in Huawei's consumer segment, encompassing smartphones and various digital devices, increased by 38% to 339 billion yuan.
Revenue in Huawei's smart automotive solutions sector increased by over 4.5 times to reach 26.4 billion yuan. The cloud services sector expanded by 8.5 percent in 2024. Huawei's primary telecom sector saw a 5% increase in revenue last year.
source: reuters.com
