Huawei’s sales revenue in the first three quarters of 2023 was 456.6 billion yuan: a year-on-year increase of 2.4%, and a net profit margin of 16.0%

News from this site on October 27, Huawei today released its operating results for the first three quarters of 2023, achieved sales revenue of 456.6 billion yuan, a year-on-year increase of 2.4%, and a net profit margin of 16.0%.

Hu Houkun, Huawei's rotating chairman, said: "The company's operating results are in line with expectations. We would like to thank our customers and partners for their continued trust and support in Huawei. Looking into the future, we will continue to increase investment in R&D, Give full play to the company's industrial portfolio advantages, continuously improve the competitiveness of products and services, and create greater value for customers, partners and society."

For reference, Here is Huawei's performance for the first half of this year:

In the first half of this year, Huawei achieved revenue of 308.290405 billion yuan, compared with 298.679722 billion yuan in the same period last year; operating profit was 52.315402 billion yuan, compared with 16.778348 billion yuan in the same period last year; total profit 52.15788 billion yuan, compared with 16.876671 billion yuan in the same period last year; net profit was 46.522777 billion yuan, compared with 14.629236 billion yuan in the same period last year, a year-on-year increase of approximately 218.01%.

In addition, Huawei’s net profit attributable to owners of the parent company in the first half of this year reached 46.445 billion yuan, but it was only 14.566755 billion yuan in the same period last year. In the first half of this year, Huawei’s minority shareholders’ profits and losses were 77.777 million yuan.

Data shows that Huawei has continued to invest in research and development this year. In the first half of 2023, research and development expenses reached 82.603873 billion yuan, compared with 79.062946 billion yuan in the same period last year, a year-on-year increase of approximately 3.541 billion yuan.

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