[Shenzhen, China, October 23, 2020] Huawei 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%. [1] 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.
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.
ICT has become a cornerstone of modern society and the main driver behind sustainable social, economic, and environmental development. Huawei believes that rapid and healthy development within the ICT industry will rely on open collaboration and mutual trust across the global industry, so it will continue working closely with its global partners and using its innovative ICT technologies to create greater value for customers despite the complex situation it is currently facing. The company will continue contributing to pandemic responses, economic growth, and social progress.
[1] The financial data disclosed here are unaudited figures compiled in compliance with the International Financial Reporting Standards; exchange rate at the end of September 2020: US$1 = CNY6.8101 (source: an external agency)
About Huawei
Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 194,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world.
Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go.
For more information, please visit Huawei online at www.huawei.com
About Huawei Nepal:
Huawei Nepal has been serving for 21 years in Nepal ICT industry. Since 1999, Huawei brought 2/3/4G Technologies and Solution to Nepal, helped telecom operators to quickly deploy the communication network, including in the remote area, enhancing the quality of telecommunication service, building the physical foundation of “ Digital Nepal ” . More than 28 million population of Nepal are benefiting from Huawei`s solution. In local contribution, Huawei created 10,000+ jobs directly and indirectly from the past 21 years in Nepal. In 2015, Huawei helped Nepal Government and telecom operators to quickly recover the network after the earthquake, made great contribution to the disaster rescue by making telecommunication smoothly. Huawei also helped the telecom operators to build the wireless base station site in Everest Base Camp, which help to connect the communication blind spot to the outside world completely. In the future, Huawei will continue to dedicate to Nepal, to bring more technology like 5G, cloud and AI to build a better Digital Nepal.
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