Huawei has summed up the results of the first three quarters of 2020. During this period, its revenue amounted to 671.3 billion yuan (7.864 trillion rubles), which is 9.9% more than in the first nine months of last year. The company’s net profit margin for the first three quarters of 2020 was 8%. It was noted that Huawei’s financial results for this period are generally in line with expectations.
Huawei said it plans to leverage its ICT strengths (AI, cloud, 5G and computing) to create solutions for various use cases, develop industry applications and unleash the potential of 5G networks with its partners. The company’s goal is to help enterprises develop business, assist government agencies to stimulate national economies, develop industries and optimize management.
ICTs have become the backbone of modern society and the main driving force behind sustainable social, economic and environmental growth. For Huawei, the rapid and efficient development of the ICT industry requires open cooperation and mutual trust from industry enterprises around the world. Therefore, the company will continue to work closely with partners from different countries and use its innovative technologies in order to bring more value to customers despite a difficult situation. The company will continue to contribute to the fight against the pandemic and to spur economic growth and social progress.