Huawei releases business results for the first three months of 2022.
For the first three quarters of 2022, Huawei has now released its financial figures. Huawei made CNY 445.8 billion in income during this time.
Huawei’s primary line of business had a 6.1% profit margin.
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“Overall performance was in line with forecast,” said Eric Xu, Huawei’s Rotating Chairman.
“The decline in our device business continued to slow down, and our ICT infrastructure business maintained steady growth. Going forward, we will keep bringing in top-notch talent and investing in R&D to take the competitiveness of our products to a new level. We will keep creating value for our customers and society,” he added.
The financial information shown here is comprised of unaudited figures that have been generated in accordance with international financial reporting standards. End-of-September 2022 exchange rate: US$1 = CNY6.9113
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Which country currency is CNY?
CNY means Chinese yuan renminbi.
The Chinese yuan renminbi (simplified Chinese: 人民币), or CNY, which means ‘people’s currency’, is the official currency of the People’s Republic of China. The term ‘renminbi’ refers to the name of the currency while ‘yuan’ refers to the basic unit of the Chinese currency.
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Huawei releases business results for the first three months of 2022.
