Huawei said it expects revenue to grow nearly nine percent in 2023 despite US sanctions against the Chinese tech giant.
"After years of hard work, we've weathered the storm," rotating chairman Ken Hu said in comments published Friday.
In 2023, the group expects revenue of more than 700 billion yuan ($99.4 billion), Hu said in a New Year message, an increase of nearly nine percent from last year.
This year, the company launched its Mate 60 Pro phone, a device powered by an advanced domestically-made chip, sparking debate over whether attempts to curb China's technological progress have been effective.
But revenue remains well below the 891.4 billion yuan in 2020, the year before the company announced a sharp drop in turnover due to US sanctions.
Huawei has been at the center of an intense technology standoff between China and the US for several years, with Washington warning that its equipment could be used for state espionage, a claim the company denies.
Sanctions since 2019 have cut off the company from access to US-made components and technology, forcing it to diversify its sources of growth./BGNES
