SHENZHEN, April 21 (Xinhua) -- Chinese tech giant Huawei on Tuesday reported its sales revenue totaled 182.2 billion yuan (about 25.7 billion U.S. dollars) for the first quarter of 2020, up 1.4 percent year on year.
Huawei's net profit margin during the three-month period was 7.3 percent, and its overall business results in Q1 are in line with expectations, the company said.
As COVID-19 continues to spread around the world, Huawei and its supplier network are working together to address the tough challenges facing production and resume operations. The company and its partners have rapidly rolled out multiple 5G- and AI-powered medical applications since the outbreak.
Huawei said it plans further development in 5G as China speeds up construction of the new infrastructure and starts large-scale 5G commercialization in 2020.
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