According to Huawei’s internal financial system, Huawei’s total revenue in 2020 will be USD 136.7 billion, an increase of 11.2%, and profits will be USD 9.9 billion, an increase of 10.4%.
It should be noted that people close to Huawei stated that “Huawei’s Global financial settlement system is real-time on the same day, and the above data has not been verified by an accounting firm.”
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Huawei previously announced its third-quarter financial report in October 2020. The financial report shows that in the first three quarters of 2020, the company achieved sales revenue of 671.3 billion yuan, a year-on-year increase of 9.9% and a net profit margin of 8.0%. The business operation results in the first three quarters of 2020 were basically in line with expectations.
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