Percent Increase: Revenue Growth

percent increase: Fu Liang, a Beijing-based independent industry analyst, told the Global Times on Monday that Huawei is expected to see an around 30 percent revenue growth in the first half of 2019, according to Global Times China. The company has an abundant business operation system, which could help it to diversify its risks and obtain continuous revenue growth, he said. Photo IC Chinese technology giant Huawei is scheduled to release its first-half financial statements on Tuesday, and both domestic and foreign analysts have estimated a 30 percent increase in revenue though US government has placed the company on a blacklist. Revenue growth was mainly supported by Huawei's strongly expanded consumer business, especially in China, which was not affected by the US ban, Fu noted. In 2018, the company's consumer business sales grew 45.1 percent year-on-year, accounting for almost half of the company's total revenue. According to the Xinhua News Agency, Huawei's core business used to be its mobile network business, which meant selling gear to mobile carriers, but in recent years its consumer businesses -- selling smartphones and other devices -- directly to the general public expanded strongly. (news.financializer.com). As reported in the news.