Huawei eyes banner year after sales surge 30 per cent in first half to US$28.7 billion

Huawei Technologies, mainland China's biggest telecommunications equipment manufacturer, expects to see robust gains in its consumer, network and enterprise and businesses this year, after posting its strongest first-half revenue growth in five years.

Shenzhen-based Huawei on Monday reported that its total sales in the first six months of the year jumped 30 per cent to 175.9 billion yuan (US$28.7 billion), up from 135.8 billion yuan in the same period last year.

A spokesman confirmed that it was the best first-half sales increase for privately-held Huawei since it started reporting revenue for that period in 2011.

The company, which has operations in 170 countries, last reported nearly similar growth in 2008, when its 12-month revenue surged 33 per cent year on year.

Huawei chief financial officer Cathy Meng Wanzhou attributed the lofty first-half sales to the continued 4G mobile network build-out in mainland China and other markets around the world, the company's expansion into the mid- and high-range smartphone segments, and its sharpened focus on the enterprise business.

Unfazed by the slowdown in China and prevailing uncertainty in the global economy, Meng said: "We are confident that we will maintain effective growth, and steady and healthy development in all business segments in 2015."