Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Huai Youye, South China Daniel Wu and Mr. Aviation for their clue delivery! According to news from CTOnews.com on April 28, Huawei announced its operating results for the first quarter of 2023, with sales revenue of 132.1 billion yuan, an increase of 0.8% year-on-year and a net profit margin of 2.3%. Huawei said: the overall operating results are in line with expectations, and the company continues to invest more in research and development in order to maintain its future-oriented sustainable innovation capability, create value for customers, partners and society, and achieve quality development.

CTOnews.com Note: the above financial data are based on IFRS and are unaudited.

Huawei released its 2022 annual report on March 31, with global sales revenue of 642.3 billion yuan, an increase of 0.9% over the same period last year, net profit of 35.6 billion yuan, down 68.7% over the same period last year, and R & D investment of 161.5 billion yuan, accounting for 25.1% of the annual revenue. over the past ten years, the cumulative R & D expenditure has exceeded 977.3 billion yuan. In the first quarter of 2022, Huawei achieved sales revenue of 131 billion yuan and net profit margin fell 6.8 percentage points year-on-year to 4.3 per cent.

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