
Huawei are Having a Good Year, as Reported
Huawei has revealed its financial performance for the period, generating CNY310.9 billion in revenue, which represents a year-on-year increase of 3.1%, aligning with its earlier forecasts. The company opted for a concise financial announcement that highlighted a net profit margin of 15%, equivalent to approximately CNY46 billion. Across various divisions, the revenue distribution was as follows: Huawei’s ICT infrastructure business contributed CNY167.2 billion, the consumer business brought in CNY103.5 billion, the cloud business generated CNY24.1 billion, the digital power business