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Huawei Announces 2023 Q1 Business Results


[Shenzhen, China, April 28, 2023] Huawei announced its business results for the first quarter of 2023 today. In Q1, Huawei generated CNY132.1 billion in revenue, with a year-on-year increase of 0.8% and a net profit margin of 2.3%.[1]

Overall business results were in line with forecast. Huawei has yet again increased investment in R&D to keep innovating for the future, create new value for its customers, partners, and the communities worldwide, and promote quality development.

[1]:The financial data disclosed here are unaudited figures compiled in compliance with the International Financial Reporting Standards;
exchange rate at the end of March 2023: US$1 = CNY6.8519 (source: external agencies).

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