Huawei announces Q1 2019 business results
The company's net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year.
Huawei today announced its business results for the first quarter of 2019. In Q1 of this year, Huawei generated CNY179.7 billion in revenue, an increase of 39% year-on-year.
Huawei maintained its focus on ICT infrastructure and smart devices, and continued to boost the efficiency and quality of its operations, which helped contribute to its performance in Q1 2019.
In 2019 Huawei will focus on large-scale deployment of 5G around the world. Huawei's Carrier Business Group's opportunities for growth will largely expand during the rollout. By the end of March 2019, Huawei had signed 40 commercial contracts for 5G with leading global carriers, and had shipped more than 70,000 5G base stations to markets around the world.
Additionally in Q1, Huawei's Enterprise Business Group launched its Digital Platform and its new "Huawei Inside" strategy. Huawei is committed to building the foundations of a digital China and the core of a digital world by delivering the Digital Platform along with ubiquitous connectivity and pervasive intelligence.Huawei's Enterprise Business Group also deployed the world's first 5G-enabled Wi-Fi 6 access point. As of the end of Q1 2019, Huawei had shipped more Wi-Fi 6 products than any other company worldwide.
Huawei's Consumer Business Group's core strategy is to deliver an intelligent experience to consumers across all segments. In Q1 2019, Huawei shipped 59 million smartphones. In other business verticals like PCs, wearables, and smart home, Huawei has been welcomed by consumers globally with notable exceptions.
Huawei Cloud is aiming to build the best version of its hybrid cloud, provide full-stack AI solutions for intelligent industries, and make inclusive AI a reality. More than one million enterprise users and developers have chosen to work with Huawei's Cloud. In Q1, cloud services were launched in Singapore, and Huawei released its AI model market. HUAWEI CLOUD's AI development platform, ModelArts came first in both image classification training and inference in the Stanford DAWNBench deep learning competition.