Booth Huawei on the Mobile World Congress in Barcelona, 2025.
ARJUN KHARPAL CNBC
On Monday, Huawei reported a violent jump in revenues in 2024, as basic telecommunications and consumer companies accelerated.
Huawei reported revenues in 2024 from 862.1 billion Chinese Juan (USD 118.2 billion), which is an increase of 22.4% year on year.
According to CNBC calculations, this is the second highest number of revenues, according to a record record of 891.4 billion yuan in 2020.
Net profit, however, fell to 62.6 billion yuan, which is a decrease of 28% compared to 2023. Huawei said that it was the result of growing investments.
This is when the Chinese technological giant tries to adapt his business to dealing with US sanctions, which limited its access to key technologies, such as semiconductors.
Huawei spent 179.7 billion yuan on research and development, which means 20.8% of his revenues. It is higher than 164.7 billion 2023. Huawei diversifies its activities in areas, including data centers for artificial intelligence, cloud processing and automotive technology.
Huawei sales last year were driven by its two largest companies – ICT infrastructure and consumer – which together constitute about 82% of the company's total revenues.
Revenues in ICT Infrastructure Division, including carrier activities, increased by 4.9% year on year to 369.9 billion yuan. This is Shenzhen's biggest business from the headquarters according to revenues. Huawei is one of the world's largest telecommunications equipment in the world, and the company said that on a large scale of the new generation 5G network has helped increase growth.
The company also said that 2024 was the first year of commercial implementation of the new generation network, called 5.5G or 5G Advanced, which also helped increase sales.
China smartphone revival
Acceleration at Huawei's consumer company also helped her revenues. The consumer company earned 339 billion yuan on sale, an increase of 38.3% and rapid acceleration of growth last year.
Huawei, once the world's largest smartphone player, saw your smartphone business, in particular crushed by American sanctions He limited his access to key systems AND Google software.
However, from the end of 2023. Semiconductor breakthrough In China, Huawei allowed to regroup and free high -class phones that sold very well in the country.
According to Canalys data, in 2024, according to data from Canalys in 2024, according to Canalys data, shipment for Huawei smartphones in China increased by 37% year on year, while its market share increased to 16% from 12% in 2023. It was a cost Applein which the decrease in market share and parcels fell.
Huawei aggressively launched premium smartphones, including The first in the history of Trifold HandetAnd he also has He began to slowly raise the improvement of devices abroad.
Meanwhile, Huawei also released Harmonoos 5 in 2024, the first version of the self -proclaimed mobile operating system apparently he doesn't use Each Open Source code with Google Android.
Despite this, analysts have said CNBC The fact that Huawei's foreign perspectives remain a challenge, taking into account the lack of access to Android, which works on most smartphones in the world, and constant restrictions on access to the most modern systems, such as those found in Apple and Samsung devices.
New business focus
To alleviate some effects of sanctions in the US in the last few years, Huawei has pushed into new areas, such as the digital energy department, which includes emphasis on energy infrastructure in areas such as electric cars and renewable energy sources.
This segment – still a very new business – has noted an increase in revenues by 24.4% to 68.7 billion yuan.
Meanwhile, cloud processing revenues increased by 8.5% year on year.
The smallest business of Huawei, called an intelligent automotive solution, recorded an increase in revenues from year to year by 474.4% to 26.4 billion yuan. Huawei develops software in cars, as well as controller support systems for external cars.