On April 28, Huawei released its operating results for the first quarter of 2021, and the overall operating results met expectations.
According to official data,The company achieved sales revenue of RMB 152.2 billion, a year-on-year decrease of 16.5%. The company's network business continued to grow steadily. Affected by the sale of smart terminal brand glory in November 2020, the consumer business revenue decreased.
It is worth mentioning that the net profit margin was 11.1%, with a year-on-year growth of 3.8 percentage points. Huawei said that this was mainly due to the company's improvement in business quality,Continue to improve management efficiency and benefit from a $600 million patent license fee.
The company continues to promote the full play of 5g value, meet the global 5g network construction and the needs of various industries and consumers, and improve the delivery efficiency. In the software field, Huawei has further enhanced its software engineering capabilities, increased investment in the software industry, and gradually increased its share of revenue in software and services.
Huawei still insists on continuous technological innovation and strong R & D investment, solves the supply continuity under sanctions, and continues to carry out breakthrough research around basic science and cutting-edge technology
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