Huawei posts 13.9% fall in first-quarter revenue
Huawei’s revenue continued to trend lower over the past quarter, new data showed on Thursday, as the besieged Chinese tech conglomerate was still grappling with the fallout from US sanctions.
The company’s first quarterly revenue came in at 131 billion yuan ($19.81 billion), down 13.9 percent from the year before.
Its net profit margin shrank by 6.8 percentage points from the prior year to 4.3 percent for the first quarter.
该公司第一季度收入为人民币 1310 亿元（合 198.1 亿美元），同比下降 13.9%。