Mar 30, 12:20 PM

Huawei's 2023 Profits Surge 144.5%, Revenue Up 9.6% to $98 Billion Despite US Sanctions, Best Performance Since 2019

Huawei, the Chinese tech company, reported a significant increase in profits in 2023, with net profit surging 144.5% to 87 billion yuan and revenue growing 9.6% to 704.2 billion yuan. Despite US sanctions, Huawei's sales revenue reached nearly $98 billion, up by 9.63% year-on-year. The company's financial performance was described as the best since 2019, driven by better product offerings and growth in cloud and digital businesses.

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Written with ChatGPT (GPT-3).