Huawei announces business results for first 3 quarters of 2023

Huawei announced its business results for the first three quarters of 2023 yesterday. During this period, Huawei generated CNY 456.6 billion in revenue, with a year-on-year increase of 2.4 percent and a net profit margin of 16 percent.
“The company’s performance is in line with forecast,” said Ken Hu, Huawei’s Rotating Chairman. “I’d like to thank our customers and partners for their ongoing trust and support. Moving forward, we will continue to increase our investment in R&D to make the most of our business portfolio and take the competitiveness of our products and services to new heights. As always, our goal is to create greater value for our customers, partners, and society.” Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices.

It has 207,000 employees and operates in more than 170 countries, serving more than three billion people around the world.