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Huawei’s astonishing ascent: Profits soar as smartphone and auto ventures dominate

Huawei, a Chinese telecommunications company, has seen a significant increase in profits in 2023. Factors contributing to this success include better product offerings, such as the popular Mate 60 Pro smartphone, and a 9.6% revenue growth. The company's intelligent automobile solutions business has also experienced strong growth, indicating a diversification of its revenue streams.