The automobile business is booming, with Huawei’s first-half net profit margin of 13.2%

On August 29, Geshi Automobile learned that Huawei released operating results for the first half of 2024.

The financial report showed that during the reporting period, the company achieved sales revenue of 417.

5 billion yuan, a year-on-year increase of 34.

3%, and a net profit margin of 13.2%. In the first quarterly report of 2024, Huawei achieved operating income of approximately 178.

45 billion yuan, a year-on-year increase of 36.66%. net profit of approximately 19.

65 billion yuan, a year-on-year increase of approximately 564%.

Regarding Huawei’s half-year results, some analysts said that the company’s revenue growth is mainly due to the rapid recovery of its consumer business and the rapid development of smart cars, Huawei cloud, and digital energy businesses.

As far as the smart car business is concerned, as of now, Hongmeng Zhixing has four series: AITO Ask the World, LUXEED Intelligence World, STELATO Enjoy the World, and MAEXTRO Zunjie.

, Photo source: Hongmeng Zhixing, the latest data shows that in July this year, Hongmeng Zhixing delivered 44090 new vehicles in its entire series, with a total of 238287 vehicles delivered from January to July.

At present, the Ask World series is still the main force in Hongmeng’s marketing volume.

, In addition, Gashi Automobile noticed that on August 25, the financial data of Huawei’s Shenzhen Yinwang Intelligent Technology Co., Ltd.(hereinafter referred to as “Yinwang”) announced that the company’s gross profit margin for the first half of 2024 was 55.36%. It is reported that Yinwang was formerly known as Huawei Car BU.

On August 25, Celis announced that it plans to acquire a 10% stake in Yinwang held by Huawei Technologies Co., Ltd. According to the audit report and asset evaluation report provided by Daxin Certified Public Accountants, in the first half of this year, Yingwang’s operating income was 10.

435 billion yuan, its net profit attributable to the parent company was 2.

231 billion yuan, and the gross profit margin of its main business was 55.36%. In addition, the company’s net profit attributable to the parent company in 2024 is expected to reach 3.

351 billion yuan.

Return to the first electric network home page>,.

Link to this article: https://evcnd.com/the-automobile-business-is-booming-with-huaweis-first-half-net-profit-margin-of-13-2/

Like (0)
evchinaevchina
Previous August 29, 2024
Next August 29, 2024

Related Suggestion