Huawei releases 2023 annual report, overall operating results are in line with expectations

Huawei Investment Holding Co., Ltd. recently released its 2023 annual report. The report showed that Huawei achieved global sales revenue of 704.2 billion yuan in 2023, a year-on-year increase of 9.63%; net profit of 87 billion yuan, a year-on-year increase of 144.3%, the highest level in the past five years (excluding 2021); net profit margin was 12.3%, much higher than 5.5% in the same period last year; cash flow from operating activities reached 69.81 billion yuan, nearly four times that of last year.