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Huawei report published Q1 2021



Huawei has published a report for the first quarter of 2021. The press release accompanying the event begins with an assurance that actual results are in line with expectations.

More specifically, revenue was 152.2 billion yuan, down 16.5% year on year. At the same time, the line of activity associated with the development and production of equipment for communication networks showed growth. Net profit margin for the year increased from 7.3% to 11.1%. According to the authors of the report, this is a consequence of improving the company’s efficiency and receiving royalties in the amount of $ 600 million.

Huawei’s net profit for the quarter was 16.85 billion yuan. A year ago, this figure was 13.30 billion yuan, that is, the net profit increased in annual terms.

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