Earlier today, Huawei reported that during the first three quarters of this year, Huawei generated CNY610.8 billion (US$86.0 billion) in revenue, an increase of 24.4% year-on-year. The company’s net profit margin in this period was 8.7%, same as reported the previous year. 

Keep in mind that Huawei is privately held, so they are under no obligations to provide financial statements.  These financial results are not audited.  No breakdown of sales is reported by division.  So it is not easy to draw a lot of conclusions.  But in the aggregate, Huawei seems to be show continuing solid growth, outpacing the telecommunications equipment market. 

As a point of comparison to Huawei’s 24% increase in revenue, the Dell’Oro Group recently estimated only a 6% increase in worldwide telecommunications capital expenditures over the previous YoY period. Yes, its not a great comparison, as Huawei’s numbers included handsets and Dell’Oro’s numbers did not. But regardless, Huawei is clearly growing faster than the market as a whole.

Huawei’s announcement can be found at: https

://www.huawei.com/en/press-events/news/2019/10/huawei-announces-q3-2019-business-results

TruePulse buys and sells decommissioned Central Office telecommunication equipment from vendors including Huawei, Nortel, Fujitsu and Alcatel.

Updated May 7, 2020