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Investing.com -- Chinese tech giant Huawei reported a 32% decline in first-half net profit on Friday as the company continued to invest heavily in research and development to counter U.S. sanctions.
Net profit for the January to June period fell to 37 billion yuan ($5.17 billion) compared to the same period last year, according to the company’s report. Despite the profit drop, Huawei’s revenue increased by 4% to 427 billion yuan, marking its highest first-half revenue figure since 2020.
The company significantly increased its research and development spending to 96.9 billion yuan during the first six months of 2025, up from 88.9 billion yuan in the corresponding period of 2024.
This substantial R&D investment appears to be part of Huawei’s strategy to mitigate the effects of ongoing U.S. sanctions on its business operations.
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