Huawei yesterday announced its business results for the first three quarters of 2020. During this period, Huawei generated CNY 671.3 billion ($ 100.4 billion) in revenue, an increase of 9.9% from at the same time last year. The company’s net profit margin during this period was 8.0%. In the first three quarters of 2020, Huawei’s business results have fully met the expectations previously outlined.
As the world struggles to respond to the pandemic, Huawei’s global supply chain is under severe external pressure, forcing its production and all of its operations to face significant challenges. However, it is important to note that the company keeps its commitments unchanged in order to find the best solutions to deal with the myriad setbacks with which it is struggling, and thus move forward and fulfill its obligations to customers. and suppliers.
In this sequence, Huawei will leverage its strengths in information and communication technologies (ICT), such as artificial intelligence, cloud, 5G and computing to deliver solutions based on scenarios, develop applications for industry and democratize the value of 5G networks with its partners. In other words, the objective taken by Huawei is primarily to help companies grow their business and also to work with governments to boost domestic industry, benefit citizens, and improve governance.
Huawei reports revenue of over $ 100 billion in third quarter 2020
ICTs have become the cornerstone of modern society and the main driver of social, economic and environmental sustainability. Huawei believes that the accelerated and healthy development of information and communication technologies will depend on open collaboration and mutual trust across the industry globally. Therefore, despite the complex situation that Huawei is currently facing, the company will continue to work closely with its global partners, always using the innovation associated with ICT, in order to create added value for customers, as well. than to maintain its commitment to help respond to the pandemic and to economic growth and social progress.
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