AITechNode10 months ago
Huawei net profit drops 32% despite revenue growth
1 min read
Huawei reported a 32% year-on-year decline in first-half net profit to RMB 37.195 billion, despite revenue rising 3.95% to RMB 427.04 billion. R&D spending increased 9.04% to RMB 96.95 billion, representing 22.7% of revenue, driven by investments in AI computing, foldable devices, and smart vehicles.
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