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Huawei, the Chinese tech giant accused of spying, released quarterly financials for the first time ever in a defiant move

April 22, 2019

Chinese technology firm Huawei released its quarterly financials for the first time ever, stating its first quarter revenue rose 39 percent to 179.7 billion yuan ($26.81 billion).

Huawei is based in Shenzen, China, and is the world’s biggest telecoms equipment maker, and one of the biggest smartphone makers.

Huawei said its net profit margin was around 8 percent for the quarter, which it added was slightly higher than the same period last year. Huawei did not disclose its actual net profit.

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