Home English News Business Huawei garners 182.2 billion yuan revenue in 1Q20

Huawei garners 182.2 billion yuan revenue in 1Q20

Huawei garners 182.2 billion yuan revenue in 1Q20

SHENZHEN, China: Huawei generated 182.2 billion yuan in revenue, an increase of 1.4 per cent year-on-year while its net profit margin rose 7.3 per cent in the first quarter of 2020 (1Q20).

In a press statement, it said, as the Coronavirus Disease 2019 (Covid-19) continues to spread around the world, Huawei is taking proactive measures to ensure the safety of its employees. It added, the company and its supplier network are working together to address the tough challenges facing production and resume operations. Huawei’s business is continuing as usual and its overall business results in 1Q20 are in line with expectations.

Networks are a lifeline for people from all walks of life during this public health crisis, so ensuring normal network operations is of paramount importance.

Huawei is doing everything in its capabilities to help carriers ensure stable and secure network operations. Together, it said, it is working to meet the network demand created by social distancing as people switch to telecommuting, distance education, and e-commerce for daily necessities.

“It is our hope that the pandemic ends as soon as possible. We also hope that every patient around the world can be treated and cured as quickly as possible. The outbreak of Covid-19 is another reminder that we share this world and share the same fate. In order to address common challenges such as this one, we need to be united, because a virus knows no borders and may target anyone, regardless of their race, skin color, or wealth,” said Huawei Rotating chairman Eric Xu.

Since the outbreak, Huawei and its partners have rapidly launched many 5G- and AI-powered medical applications.

“We are using our expertise in communications technologies to help fight the pandemic and save more lives. The AI-assisted coronavirus diagnosis solution cuts CT scan review times from 12 minutes down to two, helping doctors improve their diagnostic efficiency.

“5G-enabled remote video consultation helps mitigate shortages of frontline experts and increases the efficiency of diagnosis and treatment of critical patients. AI-powered thermal imaging devices can take temperatures, increasing the efficiency of infection prevention and control in public places.

“In addition, Huawei has been doing its best to get masks, test kits, and other protective supplies to the countries and organisations that need them,” it said.

In the Asia Pacific region and Asean countries, Huawei has joined hands with countries like Indonesia, Malaysia, Thailand, Philippines, Singapore, Brunei, Bangladesh, Cambodia, Laos and others to address on-ground communication challenges, ensuring connectivity and supporting essential services with innovative technologies during the Covid-19 pandemic.

On April 16, Thailand Prime Minister Prayut Chan-o-cha visited Siriraj Hospital in Bangkok to observe and follow up on the utilization of Huawei’s AI-Assisted solution provided by Thailand Digital Economy and Society Ministry and Huawei. The Thailand government plans to implement this solution in more hospitals across the country, in order to enhance the performance of medical service and better protect the medical staff.

“The AI-assisted technology, supported by 5G network, helped improve the efficiency and effectiveness of diagnosis by automatic analysis of 20,000 CT scan results and comparing with existing database samples, could readily detect 4,000 confirmed cases.

“In addition, its remote teleconsultation facility helped reduce infection risk for medical staff and lessen the burden on system by expanding the disease control ability to different areas in the country,” it said.


Please enter your comment!
Please enter your name here