[Shenzhen, China, April 28, 2023] 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.
：The financial data disclosed here are unaudited figures compiled in compliance with the International Financial Reporting Standards;
exchange rate at the end of March 2023: US$1 = CNY6.8519 (source: external agencies).