Chinese telecoms equipment maker Huawei Technologies Co. cut its net profit in the first half of 2025 by 32% to 37 billion yuan ($5.17 billion), the company said in a statement.
The decline is due, in part, to Huawei’s high research and development (R&D) costs. They totalled 96.9 billion yuan in the first half of the year, down from 88.9 billion yuan a year earlier.
The company’s revenue rose 4 per cent to 427 billion yuan in the January-June period, the highest for the period since 2020.
The US imposed a ban on supplying advanced chips to the Chinese company back in 2020, and Huawei has been actively investing in chip manufacturing and chip-making equipment to offset the negative impact of US sanctions.
The company did not give a breakdown of its results by individual business lines for the first half of the year.