The Shenzhen-based company reported a 29.5 per cent jump in revenue to 585.9 billion yuan (US$82.3 billion) in the first three quarters of 2024, up from 452.3 billion yuan in the same period last year, according to a filing to the Shanghai Clearing House, the sole central clearing counterparty in China’s interbank market.
However, Huawei posted a 13.7 per cent decline in net profit to 62.9 billion yuan, down from 72.9 billion yuan in the same nine-month period in 2023.
The privately held company did not provide a breakdown on the performance of its different business segments in the filing.
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