Huawei H1 Profit Drop Quickens to 36% on Rising Costs, R&D Spending Huawei's latest financial report reveals a stark reality: even the largest tech companies are vulnerable to external pressures.
The Chinese giant's first half net profit plunged 36%, with costs and research and development spending taking their toll. The numbers tell a story of tension between short term growth and long term investment.
Huawei's net profit for January to June fell to 23. 81 billion yuan, while revenue rose 9. 6% to 467. 82 billion yuan.