Huawei Announces Business Results for the First Three Quarters of 2022

[Shenzhen, China] Huawei announced its business results for the first three quarters of 2022 today. During this period, Huawei generated CNY445.8 billion in revenue. The profit margin of Huawei’s main business was 6.1% [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.”

[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 2022: US$1 = CNY6.9113 (source: external agencies)