Huawei's revenue exceeds 400 bln yuan in H1

GUANGZHOU, July 30 (Xinhua) -- Chinese tech giant Huawei's revenue rose 23.2 percent year on year to 401.3 billion yuan (about 58.3 billion U.S. dollars) in the first half of 2019, according to the company's semiannual report released on Tuesday.

The company's net profit margin during the same period was 8.7 percent, the report said.

According to Liang Hua, the company's chairman, operations are smooth and the organization is as sound as ever.

With effective management and an excellent performance across all financial indicators, Huawei's business remained robust in the first half of this year, Liang said.