Huawei has announced its performance results for the first three quarters of 2023, with a total revenue of 4.566 trillion yuan, marking a 2.4% increase compared to the same period last year. The net profit margin stands at 16.0%.
Ken Hu, the current Chairman of Huawei, stated that the company’s performance is in line with previous expectations. He expressed gratitude to customers and business partners for their support and trust. Moving forward, the company plans to increase investment in research and development to ensure its business portfolio remains highly competitive, delivering value to customers, partners, and society.
Huawei’s revenue is divided into three business groups: the network service provider group, the enterprise group, and the consumer group. However, specific figures for each group were not disclosed in the 9-month report.
TLDR: Huawei reported a 2.4% increase in total revenue for the first three quarters of 2023, reaching 4.566 trillion yuan. Ken Hu, the Chairman, expressed satisfaction with the company’s performance and thanked customers and partners for their support. Huawei aims to invest more in research and development to maintain a competitive edge in the market. Specific revenue breakdown by business groups was not disclosed in the report.