Huawei announced its commercial results for the first quarter of 2022 on Tuesday. In the first quarter, Huawei generated 131 billion yuan in revenue, with a net profit margin of 4.3%.
In the first quarter, our overall business results are in line with forecasts. Our consumer business has been heavily impacted and our ICT infrastructure business has seen solid growth, says Huawei Rotating President Ken Hu.
We have once again increased our investment in R&D to build on the momentum of our innovation and create new value for customers.
As always, we want to thank our customers and partners for their trust and continued support, added Ken Hu.
In 2022, we still face a challenging and complicated business environment. Despite considerable operational challenges, we will work more closely with our customers and partners around the world to overcome adversity, he concludes.
The financial data disclosed herein are unaudited figures compiled in accordance with International Financial Reporting Standards; exchange rate at the end of March 2022: 1 dollar = 6.35 yuan (source: external agencies).