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Huawei (HUAWEI) investor relations material
Huawei H2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
2024 revenue reached CNY862.1 billion, up 22.4% year-over-year, with net profit at CNY62.6 billion, down 28% year-over-year.
All major business segments grew, with Consumer, Cloud Computing, Digital Power, and Intelligent Automotive showing strong momentum.
R&D investment hit CNY179.7 billion, 20.8% of revenue, supporting innovation in AI, cloud, and intelligent automotive.
HarmonyOS ecosystem surpassed 1 billion devices, and intelligent automotive solutions turned profitable for the first time.
Performance was in line with forecasts, despite global economic and geopolitical challenges.
Financial highlights
Revenue: CNY862,072 million (+22.4% YoY); Net profit: CNY62,574 million (-28% YoY); Operating profit: CNY79,361 million (-24% YoY).
Gross margin: 44.4% (down 1.8pp YoY); Operating margin: 9.2% (down 5.6pp YoY).
Cash flow from operating activities: CNY88,417 million (+26.7% YoY).
R&D expenses: CNY179,687 million (+9.1% YoY), 20.8% of revenue.
Total assets: CNY1,290,149 million (+2.1% YoY); Equity: CNY544,619 million (+7.3% YoY).
Outlook and guidance
Continued focus on high-quality growth, innovation, and ecosystem development across all business lines.
Strategic investment in AI, cloud, and foundational technologies to drive future competitiveness.
Expectation of ongoing global economic headwinds, but confident in resilience and long-term growth.
- TimeTickerHeadlineOpen
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