[Shenzhen, China, October 29, 2021]Huawei released its business results for the first three quarters of 2021 today. During this period, Huawei generated CNY455.8 billion in revenue, and its net profit margin was 10.2%^[1].

"Overall performance was in line with forecast," said Guo Ping, Huawei's Rotating Chairman. "While our B2C business has been significantly impacted, our B2B businesses remain stable. Through our ongoing commitment to innovation, R&D, and talent acquisition, and rigorous attention to operating efficiency, we are confident we will continue to create practical value for our customers and the communities in which we work."

"We would like to thank our customers and partners for their ongoing trust and support," continued Guo. "With their collaboration, and the excellent work and dedication of our Huawei team across the globe, we will together use digital technology to drive a greener, intelligent world."

^[1] The financial data disclosed here are unaudited figures compiled in compliance with the International Financial Reporting Standards; exchange rate at the end of September 2021: US$1 = CNY6.4703 (source: external agencies)