(Yicai Global) Oct. 23 -- China's Huawei Technologies, which is facing global headwinds due to its ban to buy US technologies, has put it on the Covid-19 pandemic that its revenue growth slowed as expected over the third quarter.

The telecoms equipment manufacturer made CNY671.3 billion (USD100.4 billion) in sales revenue in the first three quarters, rising 9.9 percent from a year earlier, the unlisted firm said in its earnings report published today. The number is in line with expectations, it added. The figure had increased by 13.1 percent in the first half of this year.

Profitability declined. The Shenzhen-based company's net profit margin narrowed to 8 percent from the first half's 9.2 percent.

The company’s global supply chain faces huge external pressures amid the grim challenges presented by the Covid-19 pandemic all over the world, the firm explained. However, Huawei will spare no efforts looking for solutions, it added.

Huawei yesterday launched its first mobile phone series Mate 40 since the Donald Trump administration restricted its purchases of US-made semiconductor components a month ago. That could mean that this is the last Huawei phone carrying its high-end Kirin chipset.

The first quarter -- which is when China was most acutely grappling with the Covid-19 pandemic -- has been dragging Huawei's performance down this year as its sales revenue had risen by only 1.4 percent to CNY182.2 billion over the quarter from a year ago.

Huawei will leverage its information and communications technology, artificial intelligence, cloud computing, as well as fifth-generation mobile networks prowess, and join hands with partners to offer solutions to help its corporate clients achieve business success, it said.

Editor: Emmi Laine