Huawei reported sales up 10.8 percent year-on-year to CNY 113.8 billion in the first half, driven by steady growth in carrier network equipment, enterprise market expansion and rapid growth in consumer products. The company had reported 5 percent annual revenue growth in the first half of last year. CEO Cathy Meng said Huawei expects to meet its target to increase revenues by 10 percent in the full year and anticipates a 7-8 percent net profit margin. Revenues rose by 8 percent to CNY 220.2 billion in 2012. The company did not disclose any profit figures for the first half of this year, although it said it would continue to focus on its pipe strategy, increase investment in core growth areas, and boost efficiency through operational and management reviews and improvements.
