Huawei's profits fell almost 69 percent last year as US sanctions and international economic uncertainty bit into the Chinese tech giant's earnings.
The company generated 35.6 billion yuan in net profit in 2022, it said, down 68.7 percent from a record 113.7 billion last year.
"We also went to great lengths to grow the harvest –- generating a steady stream of revenue to sustain our survival and lay the groundwork for future development." Its 5G gear has been blocked in major markets including the United States, Britain and Japan over security concerns.Once the world's top smartphone maker, the company has seen sales slump after the United States cut off access to key parts and barred it from using Google's Android operating system.
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