Huawei makes a turnover up sharply by 86 billion dollars

China's telecom giant Huawei reported revenue of 610.8 billion yuan (about 86 billion US dollars) in the first nine months of the year, a sharp rise of 24.4 percent, according to the report. quarterly financial report published Wednesday by the group.

The company's net profit margin during this period reached 8.7%, according to the report. Huawei attributes this strong financial performance to its focus on the infrastructure of new technologies and smart devices, as well as improving the efficiency and quality of its operations. The company has signed more than 60 commercial contracts for 5G with the world's leading telecommunications operators, while commercial deployment of 5G networks around the world is accelerating, the report said.

Huawei's smartphone exports during this period exceeded 185 million units, up 26% year-on-year. In total, three million enterprise users and developers have used "Huawei Cloud" to develop products and solutions, while more than 700 cities, 228 "Fortune Global 500" companies, and 58 "Fortune Global 100" companies Huawei had teamed up with digital transformation at the end of September, according to the report.

Huawei is plagued by a fierce offensive by the US administration, which accuses it of being Beijing's "Trojan horse" in Western markets. The Chinese telecoms giant has been blacklisted and several US manufacturers of components and solutions have announced that they will stop supplying the Chinese giant.