{
  "id": 4629848,
  "title": "Huawei H1 profit drop quickens to 36% on rising costs, R&D spending",
  "url": "https://urgent.news/2026/08/31/huawei-h1-profit-drop-quickens-to-36-on-rising-costs-r-d-spending-4629848",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T10:59:20.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/technology/huawei-h1-profit-drop-quickens-to-36-on-rising-costs-rd-spending/articleshow/133650687.cms"
  },
  "original_language": "en",
  "account": "In its first-half report, Chinese tech giant Huawei Technologies revealed a 36% decline in net profit, attributed to rising input costs and increased research and development spending. The company's net profit for the period was 23.81 billion yuan ($3.54 billion), down from a 32% drop in the same period last year. Despite a 9.6% revenue increase to 467.82 billion yuan, the cost of Huawei's efforts to minimize dependence on foreign technology and bolster its AI computing and chip capabilities have impacted profitability, particularly in its consumer division, which includes smartphones. Research and development spending surged 25% to 121.38 billion yuan, or 25.9% of revenue, as Huawei intensified investments in AI, communications technology, smart devices, and intelligent automotive solutions. The company maintained that its first-half performance was in line with forecasts, but its full-year outlook remains under review due to external uncertainties and higher input costs.",
  "summary": "The Chinese technology company said net profit for January to June fell to 23.81 billion yuan ($3.54 billion), accelerating from a 32% drop in the same period a year earlier, while revenue rose 9.6% to 467.82 billion yuan, as it continued to recover from US sanctions.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Huawei H1 profit drop quickens to 36% on rising costs, R&D spending",
        "url": "https://urgent.news/2026/08/31/huawei-h1-profit-drop-quickens-to-36-on-rising-costs-r-d-spending",
        "published": "2026-08-31T09:42:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}