Huawei's revenue up 2.4 percent in January-September

0 Comment(s)Print E-mail Xinhua, October 29, 2023
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A view of Huawei's booth at the Mobile World Congress Shanghai 2023, June 28, 2023. [Photo/VCG]

Chinese tech giant Huawei has revealed that its revenue increased 2.4% year on year to 456.6 billion yuan (about $63.6 billion) in the first three quarters of this year.

The net profit margin was 16% during the period, the company said in a report on Friday.

"Overall performance was in line with expectations," said Hu Houkun, Huawei's rotating chairman.

In the first half of 2023, the company realized a total revenue of 310.9 billion yuan, up 3.1% year on year, with a net profit margin of 15%. 

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