Huawei's Net Profit Margin Increases to 16% in the First Three Quarters

Updated:2023/10/31 16:09

Huawei recently released its operating performance for the first three quarters of 2023 on its official website. The company achieved sales revenue of 456.6 billion yuan during this period, representing a 2.4% growth compared to the same period in 2022 and surpassing the 455.8 billion yuan recorded in the same period in 2021. The net profit margin reached 16.0%, compared to 10.2% and 6.1% in the previous two years.

Huawei's rotating Chairman, Hu Houkun, stated, "The company's operating results are in line with expectations. We would like to express our gratitude to our customers and partners for their continued trust and support in Huawei. Looking ahead, we will continue to increase research and development investment, leverage the advantages of our portfolio, continuously enhance product and service competitiveness, and create greater value for customers, partners, and society."

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