During the Guangdong High-Quality Development Conference, Huawei’s Chairman Liang Hua announced that the company’s 2024 annual sales revenue had exceeded 860 billion yuan, marking the second-highest figure in its history.
This impressive milestone highlights Huawei’s resilience and innovation in navigating a complex global environment. A closer analysis reveals the key drivers behind this achievement.
Consistent Revenue Growth Amid Challenges
Huawei’s revenue trajectory in recent years has demonstrated steady and robust growth. In 2023, the company generated 704.2 billion yuan in revenue, reflecting a 9.6% year-on-year increase. This momentum further accelerated in 2024, with a growth rate surpassing 22%.
By comparison, Huawei’s 2022 revenue stood at 642.3 billion yuan, accompanied by a net profit of 35.6 billion yuan, which had shown a slight decline at the time. The significant rebound and expansion in 2024 underscore Huawei’s effective recovery and high-quality gr...
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