China's Huawei continues rebound with strongest earnings growth since 2019

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiSHENZHEN, China - China's Huawei Technologies saw its fastest growth in four years in 2023, with a rebound in its consumer segment and income from new businesses like smart car components accelerating its recovery from U.S. sanctions.

From 2019, the U.S. has restricted Huawei's access to U.S. technology, accusing the company of being a security risk, which Huawei denies. Huawei was relatively muted about its achievement, doing away with the press conference and launch event it has held every year at least since the U.S. restrictions began."We've been through a lot over the past few years. But through one challenge after another, we've managed to grow."

Net profit in 2023 rose by 144.5% to 87 billion yuan, with the net profit margin more than doubling on a year earlier to 12.35%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's Huawei continues rebound with strongest earnings growth since 2019China's Huawei Technologies saw its fastest growth in four years in 2023, with a rebound in its consumer segment and income from new businesses like smart...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

P.E.I. finance minister says 44 workplace harassment complaints filed by civil servants since 2019Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »