Huawei Investment and Holding Co. Ltd. Q1 revenue was 150.57 billion yuan

According to the information, Huawei Investment & Holding Co., Ltd. announced that its operating income in the first quarter was 150.57 billion yuan, compared with 180.614 billion yuan in the same period last year . Net profit was 16.85 billion yuan, compared with 13.304 billion yuan in the same period last year.

On March 31, 2021, Huawei’s 2020 annual report released and mentioned that Huawei’s revenue in 2019 was 858.8 billion yuan, and its global sales in 2020 were 891.4 billion yuan, an increase of 3.8%. In 2020, the Asia-Pacific region’s revenue outside of China fell 8.7% to RMB 64.4 billion. In 2020, revenue in Europe, the Middle East, and Africa fell 12.2% to RMB 180.8 billion.

Huawei’s net profit in 2020 was 64.6 billion yuan, compared with 62.7 billion yuan in the same period last year, a year-on-year increase of 3.2%.

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