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Huawei Expects 2023 Sales Revenue to Exceed 700 Billion Yuan

(Xinhua file photo: People walk past a Huawei store in Shenzhen. South China’s Guangdong Province, September 11, 2023)

SHENZHEN, Dec. 30 (Xinhua) — Chinese technology giant Huawei Revealed figures predict that sales revenue in 2023 will exceed 700 billion yuan (approximately 3.45 trillion baht) as the company’s operations generally return to normal.

Huawei’s information and communications infrastructure business continues to show strong growth. The endpoint data acquisition device business grew beyond expectations. Digital computing power and cloud business grow and the competitiveness of intelligent vehicle technology will improve significantly in 2023.

Hu Houkun, Huawei’s rotating chairman Said Huawei has overcome and grown through perseverance. But there are still many challenges. Huawei will continue to implement its strategy. Take advantage of the industry technological innovation including comprehensive hardware and software Ready to continue offering high quality products and services

Huawei’s sales revenue in 2022 totaled 642 billion yuan (about 3.17 trillion baht), up 0.9 percent year-on-year. Sales revenue for the first half of 2023 (January-June) totaled 310 billion yuan (about 1.53 trillion baht), with a net profit margin of 15 percent.

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