Chinese telecommunications giant Huawei grew significantly last year despite US technology sanctions.
Business with private customer, in cloud computing and in the automotive sector all increased significantly.
"We've been through a lot over the past few years. But through one challenge after another, we've managed to grow," said chairman Ken Hu in Shenzhen on Friday, according to a statement.
In total, the southern Chinese company generated about $97.8 billion in revenue - an increase of 9.63% compared to the previous year, the group reported.
Net profit rose by more than 140% to about $12 billion. The company's performance was in line with expectations, Hu said.
The private customer business grew by 17.3%. In the late summer of 2023, the Chinese company's Mate 60 smartphone made headlines because it contained a chip that the Chinese had not previously been trusted with, due to existing US technology sanctions.
The device gave Apple's iPhone a run for its money in China. In the first six weeks of this year, iPhone sales there fell by 24% compared to the same period last year, while Huawei's sales rose by 64%, the analysis firm Counterpoint Research reported at the beginning of March.
Huawei also supplies the software for e-cars in China and this automotive segment brought in the equivalent of just under $652 million in 2023. This segment grew at the fastest at 128.1%, albeit from a lower base.
The cloud business, which includes artificial intelligence, also generated almost 22% more revenue.
In the traditionally highest-revenue business - in information and communication technology - Huawei generated some $50 billion.