0
General

Huawei revenues lift 10% in 9-mths to CNY 671.3 billion

Friday 23 October 2020 | 09:55 CET | News
Huawei said it lifted revenues in the first three quarters of the year despite "intense" pressure on its global supply chain, and "significant" challenges on its production and operation. The company concluded that it "basically met expectations" in the period, with revenues rising almost 10 percent to CNY 671.3 billion. The net profit margin went to 8.0 percent for the first nine months, compared to 9.2 percent in the first half, and 7.3 percent in the first quarter. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Huawei
Countries: World
::: add a comment
This article is part of dossier

5G


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Huawei Cloud to invest USD 15 mln in 3 years in Middle East

Published 26 Nov 2020 11:32 CET | Middle East
Huawei Cloud plans to invest USD 14.5 million in the Middle East in the next three years to cultivate more than 1,000 consulting ...

Global smartphone sales recover in Q3, Xiaomi overtakes Apple in third spot

Published 30 Oct 2020 14:41 CET | World
The global smartphone market contracted 4 percent year on year in the third quarter to 365.6 million units, hurt by ongoing Covid ...

Lack of 5G investment risks EUR 12.6 billion GDP loss for Ireland - Huawei

Published 28 Oct 2020 17:43 CET | Ireland
A failure to invest in 5G could see Ireland lose out on EUR 12.6 billion of GDP by 2030, according to a new study by Amarach ...

Huawei unveils new Mate 40 Pro flagship smartphone with 5nm processor

Published 23 Oct 2020 09:29 CET | World
Huawei has unveiled its new flagship smartphone, the Mate 40. This is the second phone after the iPhone 12 to run a 5nm ...

NHS Covid-19 app to come in special version for Huawei devices

Published 22 Oct 2020 17:07 CET | United Kingdom
Makers of the NHS Covid-19 app have built a different version for Huawei's app store, the BBC reported. The move comes after many ...

Honor launches Halloween campaign in UK, France, Germany, Italy and Spain

Published 22 Oct 2020 17:02 CET | Europe
Huawei's Honor brand has launched a promotion to honour Halloween, to run from 20 to 31 October. The Honor ...

Huawei starts new stage of ICT training programme in Poland

Published 22 Oct 2020 10:53 CET | Poland
Huawei has started a new stage of its flagship ICT educational programme 'Seeds For The Future' in Poland. A series of training ...

Huawei, Lenovo to open new facilities in Budapest

Published 22 Oct 2020 09:41 CET | Hungary
Huawei will open a R&D centre in Budapest, Minister of Foreign Affairs and Trade Peter Szijjarto said on 20 October, according to ...

US to provide USD 1 billion credit for Brazil investment including 5G projects

Published 21 Oct 2020 09:41 CET | Brazil
The loan is designed to encourage Brazil to seek alternative 5G suppliers to China's Huawei, Reuters said. During a visit to ...

Swedish watchdog announces 5G auction shortlist, excludes Huawei and ZTE from suppliers

Published 20 Oct 2020 09:31 CET | Sweden | Update: 20 Oct 2020 13:33 CET
Swedish communications regulator PTS said it has approved Telia, 3 Sweden, Teracom and the Net4Mobility joint venture by Telenor ...

Huawei partners with VisionLabs on AI facial recognition system

Published 19 Oct 2020 16:59 CET | Russian Federation
Huawei has signed a partnership agreement with the Russian company VisionLabs, a subsidiary of the bank Sberbank. They plan to ...

KPN starts renewal of mobile core network with Ericsson

Published 15 Oct 2020 09:22 CET | Netherlands
KPN has started the renewal of its mobile core network with Ericsson, in a move the carrier says will improve the quality of 5G ...

Nabd and Huawei partner to provide Arabic news to Huawei smartphone users in MENA

Published 14 Oct 2020 14:50 CET | Middle East
Nabd, an Arabic news aggregator platform, has announced a strategic partnership with Huawei, under which Nabd will provide ...

Huawei to sell Honor smartphone business assets for up to CNY 25 bln - report

Published 14 Oct 2020 08:41 CET | China
Details on the exact assets that will be included in the sale are yet to be finalized, but are expected to include Honor's brand, ...

Huawei partners with Huicui, China Sports, Blaz on 5G deterministic networks

Published 13 Oct 2020 09:12 CET | China
Huawei has signed agreements with Huicui Intelligent Technology, China Sports Media, and Blaz Information Technology. The ...

Mobily, ITC consortium agrees fibre backbone modernisation with Huawei

Published 12 Oct 2020 10:52 CET | Saudi Arabia
The consortium of main Saudi telecom carriers Mobily and Integrated Telecom Company (ITC) has signed an agreement for the Saudi ...

Huawei helps design Cote d'Ivoire national digital strategy for 2030

Published 12 Oct 2020 09:39 CET | Cote d'Ivoire
The government of Cote d'Ivoire has reached an agreement with Huawei to strengthen its ICT industry, Ecofin reported.  Under the ...

Huawei to unveil Mate 40 series on 22 October

Published 12 Oct 2020 09:16 CET | World
Huawei plans to unveil its Mate 40  Series of devices on 22 October, the company said in a Tweet, with the tag "Leap Further ...

UK parliamentary report claims 'clear evidence of collusion' between Huawei, China

Published 08 Oct 2020 13:10 CET | United Kingdom
A UK parliamentary inquiry into 5G security has concluded that there is "clear evidence of collusion between Huawei and the ...

Huawei posts revenues up 13% in H1 after better Q2

Published 14 Jul 2020 08:44 CET | World
Huawei announced revenues of CNY 454 billion for the first half of 2020, up 13.1 percent from a year earlier. The figures suggest ...

Huawei maintains revenue growth in Q1, sales up 1.4% to CNY 182 bln

Published 21 Apr 2020 11:46 CET | World
Huawei said results for the first quarter were in line with expectations, despite the effects of the coronavirus pandemic. The ...





Calendar   /   Industry Events

01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
01 Dec 5G Italy
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
07 Dec Report: Dutch Mobile Operators 2020-Q3
07 Dec Report: Dutch Broadband 2020-Q3
08 Dec WebexOne
::: More Calendar Items