In the first quarter of 2020, Huawei achieved sales revenue of 182.2 billion yuan, a year-on-year increase of 1.4% and a net profit margin of 7.3%, Huawei’s financial results released today showed.
Huawei said that in the global spread of new coronaviruses, Huawei took measures to protect the health of employees, and supported each other with partners in the supply chain to help each other to overcome the difficult production challenges and resume production in an orderly and timely manner.
Huawei's various businesses are operating normally, and the overall operating results are in line with expectations.
According to data disclosed by Huawei in March this year, in 2019, Huawei's global revenue was 858.8 billion yuan, a year-on-year increase of 19.1%.
In 2019, Huawei's net profit was 62.7 billion yuan, an increase of 5.6% year-on-year, and the growth rate was the lowest in the past three years.
In contrast, Huawei's growth rate slowed significantly in the first quarter of 2020. This has nothing to do with the current epidemic that is still spreading.
In a recent interview with the Wall Street Journal, Huawei founder Ren Zhengfei said that Huawei has lowered its revenue target for the first quarter, but this does not prevent it from maintaining growth throughout the year.
In addition, Ren Zhengfei said that since April, Huawei ’s mobile phone sales began to grow, selling more than 20 million units a month, and the new coronavirus pneumonia epidemic has stimulated the company ’s tablet and laptop sales, a 5-6 fold increase year-on-year.
Ren Zheng said that the epidemic had a certain impact on Huawei's production, sales and delivery. Huawei resumed work on February 1, and the resumption rate gradually increased. When the company's resumption ability reached 90%, the production volume of some supporting manufacturers could not be increased.
