In a statement, Huawei, a private company, said its net profit margin was 8.0%, adding that these results were in keeping with expectations. For the first nine months of 2019, the profit margin was 8.7%.
There were no separate figures for the third quarter. The company's smartphone shipments overtook those of South Korean rival Samsung globally in the second quarter.
The earnings announcement comes a day after the company launched its latest flagship smartphone, the Huawei Mate 40, based on its own designed processor, the Kirin 9000.
Thus, four models have been released with the open source version of Android, one which lacks Maps, YouTube, Drive and Gmail. This would have affected sales, though there are no figures to bear it out.
Huawei smartphones have excellent hardware but with the Google apps, few outside China will buy the devices.
As a result, Huawei has been squeezed both by other brands like Samsung and Apple, and also Chinese companies like OPPO and Xiaomi; the competition between Chinese companies is fierce.
Despite this, Huawei has grown its market share at home and this, in the main, has kept it going. On the international front, it has managed several wins in the 5G market, despite all the negative publicity put out by the US and some of its allies.
