Huawei has regained its strength, and its performance in the first quarter has risen sharply
The spring breeze warms up, and everything recovers. In this vibrant season, Huawei has also ushered in a bumper harvest of performance.
According to the just-released 2024 quarterly financial report, Huawei achieved revenue of 178.45 billion yuan, a year-on-year increase of 36.66%! The net profit attributable to the parent company soared by 564% to 19.65 billion yuan. Revenue and net profit both increased significantly, which can be described as frequent good news and good news.
This impressive report card has undoubtedly allowed Huawei to regain confidence after a painful period. In the past few years, Huawei has been in trouble due to sanctions. Now that he is making a comeback with his own strength, it is nothing less than a slap in the face and a resounding slap in the face to the outside world.
Why has Huawei's performance rebounded so quickly in such a short period of time? Let's start with the data and see what the highlights are:
Mobile phone shipments increased by 110% year-on-year, regaining the top spot in the domestic mobile phone market in one fell swoop. The new Mate 60 series and nova series mobile phones are selling well and have become the main force driving the performance growth.
The smart car business turned a profit, and the cumulative sales of Hongmeng Zhixing's ecological models reached 105,000 units. This emerging track has achieved initial results and opened up new growth space for Huawei.
Multi-point flowering, business diversification
The strong rebound of the mobile phone business is undoubtedly the number one contributor to Huawei's performance.
After several years of sluggishness, Huawei's device business is now revitalized. Shipments in the first quarter surged by 110% year-on-year, which is a staggering figure. Huawei has regained the throne in the domestic mobile phone market, and this glory is not vegetarian.
The secret lies in the excellent performance of Huawei's new products. The Mate 60 series and nova series phones have a good reputation and are favored by consumers. High-end flagships and cost-effective models are grasped with both hands, and more points are blooming, so that Huawei's mobile phone positions are all over the market segments.
In addition to mobile phones, Huawei's other trump card, the smart car business, has finally survived the most difficult period and turned losses into profits. The cumulative sales of Hongmeng Zhixing's ecological models reached 105,000 units, which shows that the market response is enthusiastic. As an emerging track, the improvement of the automotive business has opened up new growth space for Huawei.
The optimization of product structure and the improvement of operating quality are also important drivers of the sharp increase in performance. In recent years, Huawei has made great efforts in these two aspects, and finally demonstrated its results. Huawei's reasonable product layout and efficient operation model make it invincible in the industry competition.
Reshape brilliance, the future can be expected
Looking at Huawei's impressive performance in this quarter, we can identify several key factors:
It is a full recovery of the terminal business. As Huawei's traditional strength, mobile phones have regained their dominant position in the market and contributed the most to the growth of its performance.
It is the gradual maturity of emerging businesses. New tracks such as smart cars have achieved initial results, opening up new growth space for Huawei and helping to diversify its performance.
It is the optimization of product structure and the improvement of business quality. Huawei's rational layout and efficient operations make it invincible in the industry.
From the perspective of industry insiders, Huawei's sharp rise in performance this quarter marks that the tech giant is gradually getting rid of the haze of sanctions and getting back on track. The past few years have been the most difficult period for Huawei, but they have not been crushed, but have slowly rebuilt their glory through their own innovation and hard work.
The road ahead will not be easy. Supply chain capabilities remain a core challenge for Huawei's development. However, as long as we maintain our determination, I believe that Huawei will be able to break through many obstacles and create new glories.