Huawei's first-half profit declined 32% amid heavy spending on R&D
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6 Articles
Huawei's first-half profit declined 32% amid heavy spending on R&D
BEIJING :Chinese tech giant Huawei reported a 32 per cent drop in first-half net profit on Friday as it spent heavily on research and development to defy U.S. sanctions. Net profit for January to June dropped 32 per cent year-on-year to 37 billion yuan ($5.17 billion), according to its filing posted on Beiji
Huawei’s Pocketed A Smaller Profit For H1 2025 Despite Raking In The Highest Revenue Since 2020, All Due To Massive Expenditure In R&D
The U.S. trade sanctions struck Huawei in 2020, putting the company in a precarious position when it was forecasted to overtake Samsung as the biggest smartphone brand half a decade ago. The export controls forced the Chinese firm into a corner, but the company continued to overcome overwhelming odds. Sadly, choosing this path meant that Huawei had to increase its expenditure in R&D to secure its future. Unfortunately, its net earnings have take…
Huawei H1 profit dives
Huawei released top-line results for H1 2025 to Shanghai Clearing House, with the document revealing a sharp decline in profit and continued revenue gains. Net profit in the January to June period dropped 24.7 per cent year-on-year to CNY37.2 billion ($5.2 billion), with total revenue increasing 4 per cent to CNY427.1 billion. Spending on R&D rose 9.1 per cent to nearly CNY97 billion. The filing provided no explanation for the profit drop, nor d…
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