[Shenzhen, China, October 23, 2020] Huawei today announced its business results for the first three quarters of 2020. During this period, Huawei generated CNY671.3 billion (~85 EUR billion) in revenue, an increase of 9.9% over the same period last year. The company’s net profit margin in this period was 8.0%. Throughout the first three quarters of 2020, Huawei’s business results basically met expectations.
As the world grapples with COVID-19, Huawei’s global supply chain is being put under intense pressure and its production and operations face significant challenges. The company continues to do its best to find solutions, survive and forge forward, and fulfill its obligations to customers and suppliers.
Moving forward, Huawei will leverage its strengths in ICT technologies such as AI, cloud, 5G, and computing to provide scenario-based solutions, develop industry applications, and unleash the value of 5G networks along with its partners. Its stated goal is to help enterprises grow their business and help governments boost domestic industry, benefit constituents, and improve overall governance.
ICT has become a cornerstone of modern society and the main driver behind sustainable social, economic, and environmental development. Huawei believes that rapid and healthy development within the ICT industry will rely on open collaboration and mutual trust across the global industry, so it will continue working closely with its global partners and using its innovative ICT technologies to create greater value for customers despite the complex situation it is currently facing. The company will continue contributing to pandemic responses, economic growth, and social progress.
 The financial data disclosed here are unaudited figures compiled in compliance with the International Financial Reporting Standards; exchange rate at the end of September 2020: US$1 = CNY6.8101 (source: an external agency)
A version of this article was first published on Huawei’s web site
Hello colleagues, good article and good arguments commented at this place,
I am genuinely enjoying by these.
Hi to every body, it’s my first visit of this webpage;
this website carries amazing and truly fine material for visitors.
What’s up Dear, are you actually visiting this site
daily, if so afterward you will definitely obtain pleasant know-how. http://thecomfortfoods.com/2020/12/14/whats-seo-in-digital-marketing/
Excellent website you have here but I was wondering
if you knew of any message boards that cover the same topics talked
about here? I’d really love to be a part of group where I can get advice from other knowledgeable individuals that share the same
interest. If you have any recommendations, please let me know.