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Huawei Thailand Partner Summit 2025 attracted over 800 partners from 300 companies, focusing on collaboration for a digital and intelligent future. The event highlighted Huawei's commitment to enhancing partnerships and accelerating the transition to AI-driven solutions across various industries. Key executives emphasized the importance of a robust partner ecosystem to tackle challenges in technology and business transformation.
Belgian authorities have charged eight individuals in connection with an investigation into alleged bribery involving Huawei Technologies Co. The charges include active corruption, money laundering, and participation in a criminal organization. Currently, three of the accused are in prison, while the other five have been released, with some under house arrest.
Huawei reported a 22.4% revenue increase in 2024, reaching CNY 862.1 billion (USD 118.8 billion), driven by strong smartphone sales in China. However, net profit fell by 28% to CNY 62.6 billion, with operating margins declining from 14.8% to 9.2%. The company emphasized its focus on R&D, investing CNY 179.7 billion, and highlighted the growing importance of the domestic market, which accounted for over 71% of total revenue.
Chinese automaker Seres Group is planning a listing on the Hong Kong stock exchange to boost international sales of its Aito electric vehicle brand, developed in partnership with Huawei Technologies. Currently listed on the Shanghai Stock Exchange, Seres has not revealed the timing or financial goals for the Hong Kong listing.
Huawei Technologies Co. Ltd. reported a 22% revenue increase last year, reaching 862 billion yuan ($118.7 billion), driven by a resurgence in its high-end smartphone sector and booming smart car sales. Despite a significant drop in profits due to a one-off gain from the sale of its Honor smartphone unit, pre-tax profits surged nearly 80% when excluding non-core expenses. The company also highlighted growth in its chip business and the expansion of its HarmonyOS ecosystem.
Huawei's net profit fell 28% to CNY62.6 billion in 2023, aligning with forecasts due to a high comparison base from the previous year, while revenue rose 22% to CNY862.1 billion. The intelligent auto solutions unit saw a remarkable 474% revenue increase, and the company continues to invest heavily in R&D, spending CNY179.7 billion last year. As AI demand surges, Huawei aims to strengthen its foundational ecosystems, with HarmonyOS achieving significant milestones in developer engagement and market share.
Huawei Technologies Co. reported its first quarterly net loss in years, posting a loss of approximately 300 million yuan for the December quarter, despite a 9.5% rise in revenue to about 276 billion yuan. The company invested heavily in R&D, spending 179.7 billion yuan, driven by US sanctions and a focus on future-oriented projects, including advancements in chipmaking and AI. Overall, Huawei's net profit for the year fell 28% to 62.6 billion yuan, with significant contributions from its ICT infrastructure and consumer products.
Huawei Technologies reported a 28% drop in net profit to 62.6 billion yuan ($8.6 billion) in 2024, despite a 22% revenue increase to $118.2 billion, driven by strong sales in consumer goods and automotive services. The profit decline was attributed to increased investments in advanced technologies and a lack of business sales gains. The company spent over 179.7 billion yuan (nearly $25 billion) on R&D, employing more than half of its workforce in this area, while facing challenges from U.S. trade restrictions and security concerns.
Huawei Technologies reported a 28% decline in net profit for 2024, despite a surge in revenue. The company attributed this drop to significant investments in advanced technologies, reflecting its commitment to innovation amid challenging market conditions.
Huawei Technologies reported a 28% drop in net profit to 62.6 billion yuan ($8.6 billion) in 2024, despite a 22% revenue increase to $118.2 billion, driven by strong sales in consumer goods and automotive services. The profit decline was attributed to increased investments in advanced technologies and a lack of business sales gains. The company spent over 179.7 billion yuan (nearly $25 billion) on R&D, employing more than half of its workforce in this area, while facing challenges from U.S. trade restrictions and security concerns.
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