Overview

• Huawei achieved 860 billion yuan ($118.27 billion) in revenue in 2024, reflecting a 22% year-on-year increase, its fastest growth in four years.
• The company regained momentum in its consumer business, with smartphones featuring domestically produced chipsets capturing 16% of the Chinese market and surpassing Apple in sales.
• Huawei's smart car solutions unit contributed significantly to revenue, collaborating with Chinese automakers on autonomous driving software and in-car operating systems.
• The company expanded its AI and cloud computing presence by integrating its Ascend AI GPUs with DeepSeek's R1 large language model, showcasing advancements in domestic AI hardware.
• Huawei's performance underscores its resilience in navigating U.S. sanctions, which have restricted access to advanced technologies and global markets.