Huawei Technologies posted revenues of CNY 610.8 billion ($86 billion) in the first three-quarters of the year, climbing 24.4% year-on-year, despite a trade ban imposed by the U.S. government earlier this year.
The company’s net profit margin in this period was 8.7%, Huawei said in its earnings statement, adding: “Huawei has maintained its focus on ICT infrastructure and smart devices, and continued to boost the efficiency and quality of its operations. This contributed to increased operational and organizational stability and solidified the company’s performance in the first three quarters of 2019.”
