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Chinese telecoms giant Huawei has announced very good figures for the first nine months of 2019. REUTERS / Aly Song

Chinese telecom giant Huawei announced on Wednesday (October 16th) its financial results for the first nine months of the year. And the numbers are very good. The Chinese equipment manufacturer does not seem affected by US trade sanctions.

The Chinese giant has just announced a turnover, for the first nine months of 2019, of nearly 78 billion euros. That's an increase of 24.4%. Between January and September, Huawei sold more than 182 million smartphones. Europe is today its main market for high-end multimedia phones.

Washington's decision to put the Chinese group on the list of foreign companies, with which US companies do not have the right to exchange technology, has not had any financial consequences.

This year Huawei generated CNY610.8 billion in revenue, an increase of 24.4% Y0Y. The company's net profit margin in this period was 8.7%. https://t.co/sbyRRWVdev

Huawei (@Huawei) October 16, 2019

Leader in the race for 5G

Another indicator of the financial health of the group: its commercial results for 5G , the fifth generation of mobile telephony. He has won 61 contracts worldwide, including more than half with European operators.

Huawei is today the world leader in 5G technology ahead of its Swedish competitor Ericsson, which has signed 47 partnership agreements with operators for 5G equipment. The third supplier is Finland's Nokia with 42 contracts in total.

And the Chinese telecom giant does not intend to stop there. Despite US pressure, British operators are also planning to call on the Chinese giant to build their 5G network.

Even Russia rolls out the red carpet in Huawei. The Chinese giant opened in October in Moscow, its first test area of ​​5G with the Russian operator MTS. And that's just the beginning. Russia aims to roll out 5G consumer networks in all major cities by 2024.