Huawei Technologies Co, a Chinese telecoms equipment giant, said in a statement Monday that its first-half revenue rose 30 percent year-on-year to 175.9 billion yuan ($28.3 billion), driven by "solid" sales of smartphones and growth in other business segments.
Revenue was lifted by a good performance in all of its three businesses, CFO Meng Wanzhou said in the statement. The three are telecoms, consumer devices and enterprise business.
In the first half of 2014, Huawei reported a 19 percent rise year-on-year in revenue.
Huawei's mid- and high-end smartphones such as the Mate7 and P8, as well as sub-brand Honor smartphones, have gained popularity and been well received around the world, which helps the company guarantee quality and sustainable growth in the consumer business, Meng said.
"First-half revenue was higher than expected. Huawei's consumer business is doing really well, given that it achieved its full-year sales goal as of May," Xiang Ligang, CEO of domestic information communication website cctime.com, told the Global Times on Monday.
It is an opportune time for Huawei to expand its domestic and foreign business, Xiang said.
Huawei sold more than 10 million handsets per month since May, and its 2015 sales target of 100 million handsets will be met early, Yu Chengdong, CEO of the Huawei consumer business group, was quoted by domestic news portal 163.com on Monday as saying.
The company will thrive this year, and it is on track to become one of the two or three handset manufacturers that can survive globally, Yu noted.
Despite the good performance, Huawei's consumer business still faces fierce competition from local rising smartphone upstarts such as Xiaomi Inc.
Xiaomi said on July 2 that it shipped 34.7 million handsets during the first half, up 33 percent year-on-year. It has set a sales target of 80 million to 100 million units for 2015.
Data from market intelligence firm International Data Corp showed in May that Apple Inc was the top smartphone vendor in China during the first quarter of this year with a 14.7 percent market share, followed by Xiaomi with a 13.7 percent market share.
Huawei was third with 11.4 percent.
Huawei said in the statement that its enterprise business has begun to see gains for its innovative products and solutions.
Huawei is trying to develop cloud computing services as well as storage, agile networks and other products and solutions for verticals such as smart cities.
