Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Companies

    Huawei revenue shrinks by 16.5% in first quarter

    By MA SI | China Daily | Updated: 2021-04-29 09:09
    Share
    Share - WeChat
    Huawei's self-driving system on display during an expo in Shanghai. [Photo/Xinhua]

    Huawei Technologies Co said its revenue declined by 16.5 percent to 152.2 billion yuan ($23.5 billion)during the first quarter.

    However, the tech giant said the second quarterly decline in revenue was in line with earlier forecasts. Huawei had earlier posted an 11 percent decline in revenue for the three months that ended in December.

    The company said its net profit margin rose by 3.8 percentage points on a yearly basis to 11.1 percent during the first three months of the year, primarily as a result of its ongoing efforts to improve the quality of operations and management efficiency, as well as patent royalty income of $600 million.

    The revenue decline came amid United States and other government restrictions on the company, which has badly hurt its smartphone business. Huawei said its network business continued to maintain steady growth, while revenue from the consumer business declined, partly due to sales of the Honor smart device brand in November.

    Xu Zhijun, Huawei's rotating chairman, said:"2021 will be another challenging year for us, but it's also the year that our future development strategy will begin to take shape.

    "We thank our customers and partners for their ongoing trust. No matter what challenges come in our way, we will continue to maintain our business resilience. Not just to survive, but to do so sustainably. As always, we will remain focused on the needs of our customers and keep delivering practical business value."

    Huawei said it is stepping up the efforts to fully unleash the value of 5G.It is helping carriers around the world roll out their 5G networks, meet the demands of consumers and industries alike, while boosting its own delivery efficiency. It will continue to improve its software engineering capabilities and ramp up investment in the software sector to gradually increase the proportion of software and services in its total revenue mix.

    Xu said: "As always, we remain committed to technological innovation and investing heavily in research and development as we work to address supply continuity challenges caused by restrictions in the market. We will continue making breakthroughs in basic science and pushing the frontiers of technology."

    Amid the mounting US government restrictions, Huawei has been ramping up efforts to explore the Chinese market, including sustained efforts to expand its local cloud computing business and smart photovoltaic solutions, to help Chinese enterprises cut their carbon footprint.

    Huawei is also stepping up investment in autonomous driving technologies, including software and intelligent car components, as the Chinese tech giant aims to seek new growth points.

    Nicole Peng, vice-president of mobility at Canalys, said earlier that when it comes to the smartphone business, it is possibly Huawei's toughest time as it is restrained in even serving its home market.

    "Huawei's sell-in shipments during the fourth quarter of last year shrunk by nearly 50 percent sequentially, despite huge demand for Huawei devices, as the company is not able to fulfill the demand in the foreseeable future."

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    欧美 亚洲 日韩 中文2019| 无码人妻少妇久久中文字幕蜜桃| 97无码人妻福利免费公开在线视频| 成人免费无码H在线观看不卡| 中文无码人妻有码人妻中文字幕| 日韩久久无码免费毛片软件| 午夜福利av无码一区二区| 中文字幕aⅴ人妻一区二区 | 无码中文人妻在线一区二区三区| 亚洲精品成人无码中文毛片不卡| 久久久无码精品亚洲日韩蜜臀浪潮| 中文字幕一区二区三区永久| 久久精品aⅴ无码中文字字幕重口| 69久久精品无码一区二区 | 在线播放无码后入内射少妇| 日韩乱码人妻无码中文字幕视频 | 亚洲欧美日韩另类中文字幕组| 亚洲国产精品无码久久青草 | 无码人妻精品中文字幕| 无码欧精品亚洲日韩一区夜夜嗨| 无码国产福利av私拍| 国产色无码精品视频免费| 欧美日韩国产中文精品字幕自在自线 | 中文字幕乱偷无码AV先锋| 惠民福利中文字幕人妻无码乱精品| 一本大道无码日韩精品影视| 丰满岳乱妇在线观看中字无码| 无码人妻丰满熟妇区免费| 在线观看免费无码专区| 中国无码人妻丰满熟妇啪啪软件 | 久久久久久久久无码精品亚洲日韩 | 最近2019中文字幕免费直播 | 亚洲福利中文字幕在线网址| 久久综合中文字幕| 日本免费中文字幕| 精品999久久久久久中文字幕| 久久精品亚洲中文字幕无码麻豆 | 亚洲日韩中文字幕在线播放| 麻豆国产原创中文AV网站| 人看的www视频中文字幕| 国产AV巨作情欲放纵无码|