Huawei announced its business results for the first quarter of 2023 today. In Q1, Huawei generated CNY132.1 billion in revenue, with a year-on-year increase of 0.8% and a net profit margin of 2.3%.
Overall business results were in line with forecast. Huawei has yet again increased investment in R&D to keep innovating for the future, create new value for its customers, partners, and the communities worldwide, and promote quality development.
Source: https://www.huawei.com/en/news/2023/4/2023-first-quarter-business-results