Staff Reporter
Islamabad
China’s technology giant Huawei has announced its business results for the first three quarters of 2020.
During this period, Huawei generated CNY671.3 billion in revenue, an increase of 9.9% over the same period last year. The company’s net profit margin in this period was 8.0%.
Throughout the first three quarters of 2020, Huawei’s business results basically met expectations.
As the world grapples with COVID-19, Huawei’s global supply chain is being put under intense pressure and its production and operations face significant challenges. The company continues to do its best to find solutions, survive and forge forward, and fulfill its obligations to customers and suppliers.
Moving forward, Huawei will leverage its strengths in ICT technologies such as AI, cloud, 5G, and computing to provide scenario-based solutions, develop industry applications, and unleash the value of 5G networks along with its partners.
Its stated goal is to help enterprises grow their business and help governments boost domestic industry, benefit constituents, and improve overall governance.
