Gadgets & Electronics, Telecom & Wireless

China's Huawei Achieved Revenue Of CNY98.3 Billion In H1 2011

Chinese telecom equipment maker Huawei has published its financial results for the first half of 2011, stating that its sales increased by 11% year-on-year to CNY98.3 billion; and its operating profit reached CNY12.4 billion.

Meng Wanzhou, chief financial officer of Huawei, said that during the first half of 2011, Huawei's business maintained stable growth and its overall results met their expectations. Though the current international economic situation has many uncertainties, the terminal and corporate businesses have new growth points. They are very confident in achieving their goal of completing the income of CNY199 billion in 2011.

In the wireless sector, Huawei launched the industry's first SingleRAN multi-mode solution that can simultaneously support the WiMAX and LTE technologies. It also assisted the Saudi Arabian operator Mobily in deploying the world's first TD-LTE/WiMAX dual-mode commercial network. By June 30, 2011, Huawei had deployed more than 130 SingleRAN commercial networks around the world.

At the beginning of 2011, Huawei established an enterprise business operation center to promote the information and communications technology transformation of the enterprise market. At present, Huawei has expanded its businesses into over 100 countries worldwide, providing ICT infrastructure construction and information services to various industries, including government, finance, transportation, power, energy, and the Internet.

During the first half of 2011, Huawei also introduced its new cloud computing solutions targeting the visual media and healthcare industries. Its cloud computing and data center solutions have been deployed in over 20 countries in the world, serving different industries such as operators, medical, radio and broadcast, the Internet, education and e-government.

Huawei's devices saw strong growth during the reporting period and realized shipment of 72 million units, a year-on-year increase of nearly 40%. In addition, Huawei launched one of the industry's first cloud service platforms and first cloud smartphone, as well as the world's first 7-inch Android 3.2 honeycomb dual-core tablet, the Media Pad.

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