Huawei Announces Business Results for the First Three Quarters of 2023

News provided by
October 27, 2023 17:25 Korea Standard Time

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).


View Korean version of this release


For Huawei
Weber Shandwick Korea
Ji Min, Oh

This is a news release distributed by Korea Newswire on behalf of this company.