Amid the global COVID-19 epidemic and the crackdown by the US government, Huawei got off to a good start in 2020. According to the quarterly operating results released by Huawei, its sales revenue hit 182.2 billion yuan in the first quarter of 2020, with an increase of 1.4% year-on-year and a net profit margin of 7.3%.
In the first quarter of 2019, Huawei's sales revenue hit 179.7 billion yuan, with an increase of 39% from a year earlier, and its net profit margin was about 8%, up slightly from a year earlier.