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huawei reports profit decline despite fastest revenue growth in five years

Huawei Technologies reported a 28% drop in net profit for 2024, totaling 62.6 billion yuan ($8.63 billion), largely due to significant investments in research and development, which reached 179.7 billion yuan, or about 20% of revenue. However, the company experienced its fastest revenue growth in five years.
ThePrint
Chinese Yuan Huawei Technologies CO. Ltd. CHN Che Pan David Kirton
Business & Industry, Market Report
09:46 31.03.2025
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