Huawei's revenue extend decline in first quarter as telecoms giant struggles under US sanctions

  • In the first quarter, Huawei recorded US$19.86 billion in revenue, with a net profit margin of 4.3 per cent
  • Huawei is betting on sectors that are less reliant on US technologies, such as smart vehicle systems for carmakers and enterprise services

A man uses his smartphone in front of a Huawei logo in Beijing, April 27, 2022. Photo: SCMP/Simon Song
Chinese telecommunications giant Huawei Technologies Co said its first-quarter revenue declined 13.9 per cent year on year, as US sanctions continued to take a toll on its operations.

The decline, however, marked a deceleration from the 28.6 per cent drop in full-year revenue for 2021.

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