Huawei is sanctioned by the US with a fall in profit, believing lacking a key factor.

#Mengwenzhou, the deputy chairwoman and CFO of #Huawei, once again showed up at the group performance meeting after returning to #China.

Under the #US sanction on Huawei and the shortage of chips, Huawei's income in the previous year was reduced by almost 30%, to around 637 billion dollars (in RMB, same below). It is the first fall in the revenue since the record was publicised.

Last year's net profit raised by 75.9%, to 113.7 billion dollars, in which, the sale of a smartphone department to a government-led consortium took account of around 57.4 billion dollars. With a subsidy of 2.57 billion dollars from the government, a total of 60.8 billion dollars of other income was recorded, increasing 87 times from the previous year, being the reason for net profit.

With the deduction of the other income, the net profit was slightly higher than 52.9 billion dollars, reduced by almost 20% year-to-year.

According to the data from a market research organisation, Omdia, Huawei shipped 35 million smartphones only, which plunged by 81.6% from the previous year. The market share fell from 14.7% in 2020 to 2.6% in 2021.

Huawei's consumer business resulted in a hit, and the revenue was reduced by 49.6% from last year to 243.4 billion dollars.

Source: ChannelC #Mar29

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#Huawei is mad that it can’t do business in the United States anymore. So what did it do? It vented on #Twitter after #ElonMusk bought the social media company and spent money advertising in The Hill. We break down how Huawei’s latest move to win over sympathy won’t work.

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#Huawei's first-quarter revenues are on the decline compared to last year, slipping nearly 14 percent.

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In this special episode, we sat down with Jon Pelson, author of "Wireless Wars." He spoke about the United States investigating #Huawei over its equipment being built near missile and #NuclearFacilities, the dangers to #NationalSecurity, and what steps need to be taken to stem that threat.

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The #FBI is investigating #Huawei. The telecom company could be disrupting the communication of American #NuclearWeapons. How did this happen? And what can Congress do about it?

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The #FBI is investigating #Huawei. The telecom company could be disrupting the communication of American nuclear weapons. How did this happen? And what can Congress do about it?

Pete Hoekstra on CCP reparation for COVID.

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Pete Hoekstra recently wrote a piece calling to hold the Chinese Communist Party (CCP) accountable for the loss of lives from COVID-19.

#FBI is investigating #Huawei over disrupting the communication of American nuclear weapons.

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https://ept.ms/NuclearInTrouble

Chinese telecom company #Huawei is in the hot seat over some of its business decisions. An FBI investigation found that the company has a pattern of installing equipment on #CellTowers located near American #MilitaryBases.
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Chinese telecom company #Huawei is in the hot seat over some of its business decisions. An FBI investigation found that the company has a pattern of installing equipment on #CellTowers located near American #MilitaryBases.
⭕ Watch the full episode 👉https://ept.ms/AmericanLand
🔵 Enjoy 50% OFF 👉https://ept.ms/3bFhoZB