Huawei's net profit in the first half of the year increased by 218% year-on-year, and its R&D investment reached 82.604 billion yuan.

Huawei released its annual report for the first half of 2023 today. This news was reported by this site on August 30.

Huawei’s revenue in the first half of this year reached 308.290405 billion yuan, compared with 298.679722 billion yuan in the same period last year. yuan; operating profit was 52.315402 billion yuan, compared with 16.778348 billion yuan in the same period last year; total profit was 52.15788 billion yuan, compared with 16.876671 billion yuan in the same period last year; net profit was 46.522777 billion yuan, compared with 14.629236 billion yuan in the same period last year, a year-on-year increase of approximately 218.01%

Huawei’s net profit attributable to the owners of the parent company in the first half of this year reached 46.445 billion yuan, compared with only 14.566755 billion yuan in the same period last year. In addition, Huawei's minority shareholder profits and losses in the first half of this year were 77.777 million yuan

According to data, Huawei has continued to increase investment in research and development this year, and its research and development expenses in the first half of 2023 reached 82.603873 billion yuan, compared with the same period last year 79.062946 billion yuan, an increase of approximately 3.541 billion yuan

The total cash paid by Huawei to and for employees in the first half of this year reached 114.509762 billion yuan, a slight decrease compared with 115.616232 billion yuan in the same period last year

#For reference, this site provides Huawei’s operating performance for the first quarter of this year:

HUAWEI achieved satisfactory operating results in the first quarter of 2023. Sales revenue reached 132.1 billion yuan, a year-on-year increase of 0.8%. Net profit margin was 2.3%. Huawei said that the overall operating results were in line with expectations. The company will continue to increase investment in research and development to maintain continuous innovation capabilities, create value for customers, partners and society, and achieve high-quality development

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