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Mobile phone business declining patent fees to make up!Huawei releases Q1 financial report: net profit margin has risen

Huawei announced its operating results for the first quarter of 2021,

Huawei announced its operating results for the first quarter of 2021, and the overall operating results were in line with expectations.

The company’s network business continued to grow steadily.

According to official data,The company achieved sales revenue of 23.5 billion U.S Dollars , a year-on-year decrease of 16.5%. The company’s network business continued to grow steadily. Affected by factors such as the sale of the smart terminal brand glory in November 2020, consumer business revenue declined.

According to Huawei, this is mainly due to the company’s improvement in operating quality.

It is worth mentioning that the net profit margin was 11.1%, a year-on-year increase of 3.8 percentage points . According to Huawei, this is mainly due to the company’s improvement in operating quality.Continue to improve management efficiency and benefit from receiving a patent license fee of US$600 million.

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Huawei’s rotating chairman Xu Zhijun said:

“2021 is still a year full of challenges for Huawei, but it is also the beginning of the gradual clarity of Huawei’s future development strategy. Thank customers and partners for their long-term trust in Huawei. We will actively face the test. , To maintain business resilience, adhere to customer-centricity, and achieve quality survival while continuing to create business value for customers.”

Huawei has further improved its software engineering capabilities,

The company continues to promote the full play of the value of 5G, meet the needs of global 5G network construction and various industries and consumers, and improve delivery efficiency. In the software field, Huawei has further improved its software engineering capabilities, increased investment in the software industry, and gradually increased its revenue share in software and services.

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Xu Zhijun emphasized: “Huawei still insists on continuous technological innovation and strong R&D investment, solves the continuity of supply under sanctions, and continues to conduct breakthrough research around basic science and cutting-edge technologies. ”

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Mobile phone business declining patent fees to make up!Huawei releases Q1 financial report: net profit margin has risen

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