Huawei Announces Business Results for the First Three Quarters of 2023

News provided by
Huawei
Oct. 27, 2023 17:25
SHENZHEN, CHINA--(Korea Newswire)--Huawei announced its business results for the first three quarters of 2023 today. During this period, Huawei generated CNY456.6 billion in revenue, with a year-on-year increase of 2.4% and a net profit margin of 16.0%.

“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.”

[1] The financial data disclosed here are unaudited figures compiled in compliance with the International Financial Reporting Standards.
[2] Exchange rate at the end of September 2023: US$1 = CNY7.3095 (source: external agencies).

Website: http://www.huawei.com

View Korean version of this release

Contact

For Huawei
Weber Shandwick Korea
Ji Min, Oh
Send Email

This news is a press release from the provider. Korea Newswire is committed to verifying the transparency of providers and eliminating content errors. You can receive press releases from this company or in industries of interest via email and RSS for free. Subscribe>

News provided byHuawei