Huawei released first three quarters of 2022 business results

On October 27, 2022, the Chinese tech giant, Huawei officially announced its business results for the first three quarters of 2022.

As per the latest data, Huawei generated CNY445.8 billion in revenue. The profit margin of Huawei’s main business was 6.1%.

“Overall performance was in line with forecast,” said Eric Xu, Huawei’s Rotating Chairman. “The decline in our device business continued to slow down, and our ICT infrastructure business maintained steady growth. Going forward, we will keep bringing in top-notch talent and investing in R&D to take the competitiveness of our products to a new level. We will keep creating value for our customers and society.”

To recall, in Q3 2021, Huawei’s total revenue was 455.8 billion yuan, with a net profit margin of 10.2%. In the first three quarters of 2020, Huawei’s total revenue was 671.3 billion yuan, with a net profit margin of 8.0%.

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