Huawei announced the financial results for the third quarter of 2019 on October 16. For the first three quarters of this year, Huawei’s profit was 610.8 billion yuan, an increase of 24.4% over last year. The margin for this period is 8.7%.
Huawei continued to focus on ICT infrastructure and smart devices, improving the company’s efficiency and quality of work. This contributed to improved operational and organizational stability and strengthened the company’s results for the first three quarters of 2019.
The Huawei Carrier Business Group has focused on accelerated deployment of 5G networks worldwide. Huawei continues to release innovative solutions together with leading telecom operators, among which 5G Super Uplink is a system of intelligent and simplified transport networks. The company also collaborated with other market players to create an industry alliance and innovation base for 5G deterministic networks to ensure innovation and growth for operators.
Currently, Huawei has signed more than 60 commercial 5G contracts with leading global operators and has delivered more than 400,000 active 5G Massive MIMO (AAU) antenna units to world markets. The production and supply of optical networks, data transmission systems and Huawei IT products has been steadily growing.
Huawei Enterprise Business Group launched the Huawei Horizon digital platform. This converged, open and efficient platform has been built with Huawei’s significant technological expertise. The company strives to work with customers and partners to lay the foundation for the development of the digital world, creating a digital industry worth trillions of US dollars. This platform will also help to quickly transfer sectors such as government, utilities, finance, transportation and electrics to digital technology.
At the end of the third quarter of 2019, more than 700 cities, 228 Fortune Global 500 companies and 58 Fortune Global 100 companies selected Huawei as a partner for digital transformation.
Huawei Cloud Service Development has accelerated growth. In the third quarter, Huawei announced the development of a computing strategy and introduced the world’s fastest artificial intelligence cluster Atlas 900. Among other innovative products presented by the company, the Huawei Cloud Ascend AI cluster, 112 new services based on Kunpeng and Ascend processors, and also an Industrial Intelligent Twins solution. These products are a real breakthrough for government, Internet service providers (ISPs), the automotive, financial and many other industries. Three million enterprise customers and developers have used Huawei Cloud to develop products and solutions.
Huawei Consumer BG is growing steadily. Deliveries of Huawei smartphones in the first three quarters of 2019 exceeded 185 million units, which is 26% more than last year. There has also been growth in other new business areas, such as PCs, tablets, wearable devices, and smart audio products.
In addition, in the third quarter of 2019, the Vision smart screen was released, which supports innovative software and hardware solutions. He was praised by industry experts and users. At the moment, a more reliable ecosystem is being formed, which is user-oriented and provides a more intelligent use experience in all scenarios.
The Huawei Mobile Services ecosystem of mobile services is also developing rapidly, covering more than 170 countries and regions. It has registered more than 1.07 million developers worldwide.
