Huawei Technologies Co. Ltd., one of China’s big telecom equipment manufacturers, saw its revenue rise 19 percent to 135.8 billion yuan (US$22.08 billion) in the first six months of 2014, the 21st Century Business Herald reported Tuesday.
Operating margin for the first half stood at 18.3 percent, the report said, citing a company statement.
The strong growth came as the nation’s big three telecom operators — China Mobile, China Unicom and China Telecom– stepped up 4G network deployment, it noted.
In the first half of 2013, Huawei had sales growth of 10.8 percent, while for the full year the growth stood at 8.5 percent.
“Thanks to the jump of the investments in the global LTE networks, Huawei further consolidated its leadership in the mobile broadband field. In the meantime, the fast growth of the software and service sectors ensured steady improvements in the carriers’ network business,” chief financial officer Cathy Meng was quoted as saying in the statement.
Huawei’s performance beat that of its direct overseas competitor Ericsson. The Swedish firm said last Friday that its net sales for the first half fell 4.7 percent to about US$15 billion, with the operating margin at 6.5 percent.
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