Reporter/Lu Keyan
On October 27, Huawei released its operating results for the first three quarters of 2022. The company achieved sales revenue of 445.8 billion yuan, the main business profit margin was 6.1%, and the main business net profit was 29.87 billion yuan.
For comparison, Huawei’s sales revenue in the first three quarters of 2021 was 455.8 billion yuan, with a net profit margin of 10.2%.
If the revenue in the first two quarters is excluded, Huawei’s revenue in the third quarter of 2022 will be 144.2 billion yuan, a year-on-year increase of 6.1%.
Huawei did not disclose the specific revenue of each business segment. However, Xu Zhijun, Huawei’s rotating chairman, said that the overall operating results in the first three quarters were in line with expectations, the ICT infrastructure business maintained steady growth, and the downward trend in the terminal business continued to slow.
Judging from the performance in the first half of the year, Huawei’s terminal business revenue declined the most. In the first half of 2022, the terminal business revenue was 101.3 billion yuan, a year-on-year decrease of 25.3%. The main reason behind this was the decline in mobile phone sales caused by the shortage of chip supply. In addition, in the first half of the year, Huawei’s enterprise business grew the most rapidly, with revenue of 54.7 billion yuan, a year-on-year increase of 27.5%.
In the smartphone market report in mainland China for the first three quarters of 2022 released by Canalys, Huawei has disappeared from the top five on the list. But analysts say Huawei is still in the market and ready to return. The report shows that Huawei’s release of the 4G-only Mate50 series this year also made it grow.
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- 2022-10-27Huawei’s revenue in the first three quarters was 445.8 billion yuan, and the terminal business slowed down
- 2022-08-12Huawei releases 2022 semi-annual report: revenue of 301.6 billion yuan, net profit margin of 5%
- 2022-03-28Huawei ‘s revenue in 2021 is 636.8 billion and net profit is 113.7 billion
- 2021-12-31 Guo Ping, Rotating Chairman of Huawei: In 2022, we must produce more food and strengthen our foundation
- 2021-12-26Huawei ‘s first new concept store in the world opens and M5 officially settled in
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