Despite Covid-19, Huawei generated $ 98.57 billion in revenue in nine months

Huawei has just announced its business results for the first three quarters of 2020. Accordingly, during this period, Huawei achieved revenue of 671.3 billion CNY (about 98.57 billion USD), up 9.9% over the same period. last year. The company’s net profit margin for this period was 8.0%.

As the world grapples with the COVID-19, Huawei’s global supply chain is under enormous pressure, and operations and production face significant challenges. The company continues to do its best to find solutions, survive and thrive ahead, and fulfill its obligations to customers and suppliers.

Photo source: Business Insider

Going forward, Huawei will utilize its strengths in ICT technologies, such as AI, cloud, 5G, and computing, to provide scenario-based solutions, develop industry applications, and free up prices. of 5G network together with its partners. Huawei’s goal is to help businesses grow their businesses and help governments drive industry in the country, benefit components, and improve overall governance.

ICT has become the foundation of modern society and the main driving force for sustainable social, economic and environmental development. Huawei believes that healthy and rapid development in ICT will be based on open cooperation and mutual trust across the global industry, so Huawei will continue to work closely with global partners. demand and use innovative ICT technologies to create greater value for customers despite the complex situation facing the company. The company will continue to contribute to pandemic response, economic growth and social progress.