Huawei's net profit increased significantly in the first quarter of 2024

Huawei recently released its first quarter financial report for 2024. The report shows that Huawei achieved operating income of 178.45 billion yuan in the quarter, a year-on-year increase of 36.66%; net profit attributable to the parent company was approximately 19.65 billion yuan, a year-on-year increase of 564.15%. This achievement is mainly due to the company's successful expansion of its smart car solution business.