Huawei chairman Howard Liang Hua said the company’s “overall operations met expectations” in 2024, thanks to growth in its consumer business, which includes smartphones and wearables, as well as “smart car solution operations that developed rapidly”.
The 2024 revenue was the second highest on record for Huawei, with its highest ever being 891 billion yuan in 2020, which came after US sanctions were first imposed on the company’s lucrative mobile phone and international operations.
Huawei’s latest revenue represents a robust 22 per cent year on year growth over 704.2 billion yuan posted in 2023. While Huawei is not a listed company, it discloses its financial data on a regular basis.
Liang announced the data at a conference hosted by the Guangdong provincial government in Guangzhou, but the chairman did not disclose annual profit for the year.
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