华为(HUAWEI) - 2025 Q2- 季度财报

Chapter 1 Company Profile This chapter outlines Huawei Investment & Holding Co., Ltd.'s fundamental identification details and key contact information for disclosure Company Basic Information This section provides fundamental identification details for Huawei Investment & Holding Co., Ltd., including its official names and key contact information for disclosure matters - The company's official names are Huawei Investment & Holding Co., Ltd. (Chinese) and Huawei Investment & Holding Co., Ltd. (English)[7] - The person responsible for information disclosure is Jiang Xisheng, Chief Secretary of the Board, with the contact address at Building 1, Area B, Huawei Base, Bantian, Longgang District, Shenzhen[8] Chapter 2 Status of Debt Financing Instruments This chapter details outstanding debt financing instruments, confirming no credit rating adjustments, special clauses, or changes in credit enhancement mechanisms during the period Information on Outstanding Bonds This section details the company's outstanding debt financing instruments as of the report disclosure date, confirming no credit rating adjustments, special clauses, or changes in credit enhancement mechanisms during the reporting period Overview of Outstanding Bonds as of Report Disclosure Date | Bond Name | Bond Abbreviation | Bond Code | Coupon Rate | Bond Balance (Billion CNY) | Issue Date | Maturity Date | | :------- | :------- | :------- | :------- | :-------- | :------- | :------- | | Huawei 22 Phase I MTN | 22 Huawei MTN001 | 102280196 | 3.26% | 1.0 | 2022.12.01 | 2027.12.01 | | Huawei 23 Phase I MTN | 23 Huawei MTN001 | 102380090 | 3.40% | 2.0 | 2023.11.21 | 2028.11.21 | | Huawei 23 Phase II MTN | 23 Huawei MTN003 | 102380105 | 3.45% | 4.0 | 2023.12.23 | 2028.12.23 | | Huawei 23 Phase III MTN | 23 Huawei MTN004 | 102380110 | 3.00% | 3.0 | 2023.04.13 | 2026.04.13 | | Huawei 23 Phase V MTN | 23 Huawei MTN006 | 102382263 | 2.98% | 6.0 | 2023.08.24 | 2028.08.24 | | Huawei 24 Phase I MTN | 24 Huawei MTN001 | 102483077 | 2.48% | 7.0 | 2024.12.16 | 2034.12.16 | | Huawei 25 Phase I SCP | 25 Huawei SCP001 | 012580679 | 1.60% | 8.0 | 2025.03.18 | 2025.12.15 | | Huawei 25 Phase II SCP | 25 Huawei SCP002 | 012580797 | 1.00% | 4.0 | 2025.03.24 | 2025.12.19 | | Huawei 25 Phase III SCP | 25 Huawei SCP003 | 012580894 | 1.59% | 1.0 | 2025.04.11 | 2025.12.23 | | Huawei 25 Phase IV SCP | 25 Huawei SCP004 | 012580933 | 1.59% | 1.1 | 2025.04.16 | 2025.12.24 | | Huawei 25 Phase V SCP | 25 Huawei SCP005 | 012581085 | 1.57% | 1.2 | 2025.04.22 | 2025.12.26 | - No credit rating adjustments were made for the company or its debt financing instruments by credit rating agencies during the reporting period[16] - Outstanding debt financing instruments at the end of the reporting period had no special clauses such as issuer or investor option clauses or investor protection clauses[16] - Outstanding debt financing instruments at the end of the reporting period had no credit enhancement mechanisms, and debt repayment plans and other guarantees remained unchanged[16] Chapter 3 Significant Events During the Reporting Period This chapter outlines significant events during the reporting period, including accounting policy stability, financial health, external guarantees, and major pending litigations Accounting Policies and Consolidation Scope During the reporting period, the company experienced no significant changes in accounting policies, accounting estimates, or corrections of accounting errors, nor any major changes in the scope of consolidated financial statements - The company had no significant changes in accounting policies, accounting estimates, or corrections of accounting errors during the reporting period[18] - No significant changes occurred in the scope of consolidated financial statements[18] Financial Status and External Guarantees During the reporting period, the company did not incur losses exceeding 10% of net assets from the previous year-end, nor did asset pledges, hypothecations, seizures, or freezes exceed 50% of the audited net assets from the previous year-end, with no external guarantees posing significant adverse financial impact - No losses exceeding 10% of net assets from the previous year-end occurred within the consolidated financial statements during the reporting period[18] - Asset pledges, hypothecations, seizures, or freezes at the end of the reporting period did not exceed 50% of the audited net assets from the previous year-end[18] - As of the end of the reporting period, the company had no external guarantees that could significantly adversely affect its financial condition[18] Significant Pending Litigations The company faces two significant pending litigations: the T-Mobile trade secret case and the U.S. Department of Justice criminal lawsuit; the T-Mobile trial is postponed to October 25, 2027, while the DOJ criminal trial, involving bank fraud, wire fraud, and violations of the IEEPA, is set for May 4, 2026 - The T-Mobile trade secret case, filed on September 2, 2014, has been postponed for trial until October 25, 2027[18][20][21] - The U.S. Department of Justice criminal lawsuit, filed on January 24, 2019, with an updated indictment on February 13, 2020, involves 13 charges including bank fraud, wire fraud, and violations of the U.S. International Emergency Economic Powers Act, with a trial date set for May 4, 2026[19][21] Chapter 4 Financial Information This chapter presents the company's consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements Consolidated Balance Sheet The consolidated balance sheet as of June 30, 2025, indicates a slight decrease in total assets and owner's equity, alongside a rise in financial liabilities Key Consolidated Balance Sheet Metrics (Thousand CNY) | Item | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,251,341,623 | 1,290,211,066 | -38,869,443 | | Total Liabilities | 712,062,220 | 745,529,843 | -33,467,623 | | Total Owner's Equity | 539,279,403 | 544,681,223 | -5,401,820 | | Total Current Liabilities | 480,140,824 | 495,277,482 | -15,136,658 | | Total Non-current Liabilities | 231,921,396 | 250,252,361 | -18,330,965 | | Financial Liabilities at Fair Value Through Profit or Loss | 1,124,655 | 555,129 | +569,526 | | Retained Earnings | 124,961,525 | 168,435,953 | -43,474,428 | Consolidated Income Statement The consolidated income statement for H1 2025 indicates increased revenue but decreased operating and net profits, influenced by rising R&D and negative fair value changes Key Consolidated Income Statement Metrics (Thousand CNY) | Item | Jan-Jun 2025 | Jan-Jun 2024 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 427,039,035 | 410,823,227 | +16,215,808 | | Operating Profit | 44,783,997 | 59,895,982 | -15,111,985 | | Net Profit | 37,195,029 | 54,864,734 | -17,669,705 | | Research and Development Expenses | 96,950,479 | 88,908,546 | +8,041,933 | | Gains from Changes in Fair Value | (5,835,716) | (35,327) | -5,800,389 | Consolidated Cash Flow Statement The consolidated cash flow statement for H1 2025 reflects a positive shift in operating cash flow, continued growth in investing cash flow, and reduced financing outflows Key Consolidated Cash Flow Statement Metrics (Thousand CNY) | Item | Jan-Jun 2025 | Jan-Jun 2024 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 31,183,240 | (25,117,947) | +56,301,187 | | Net Cash Flow from Investing Activities | 21,705,633 | 17,613,516 | +4,092,117 | | Net Cash Flow Used in Financing Activities | (50,673,317) | (105,135,776) | +54,462,459 | | Net Increase/(Decrease) in Cash and Cash Equivalents | 4,365,525 | (113,027,815) | +117,393,340 | Parent Company Balance Sheet The parent company balance sheet as of June 30, 2025, indicates decreases in total assets and owner's equity, an increase in liabilities, and a shift to loss in retained earnings Key Parent Company Balance Sheet Metrics (Thousand CNY) | Item | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 440,449,498 | 494,405,532 | -53,956,034 | | Total Liabilities | 46,640,046 | 40,444,552 | +6,195,494 | | Total Owner's Equity | 393,809,452 | 453,960,980 | -60,151,528 | | Retained Earnings | (140,211) | 81,990,523 | -82,130,734 | | Long-term Equity Investments | 366,939,403 | 339,939,403 | +27,000,000 | Parent Company Income Statement The parent company income statement for H1 2025 shows slight revenue growth but expanded operating and net profit losses, impacted by a positive shift in income tax expense Key Parent Company Income Statement Metrics (Thousand CNY) | Item | Jan-Jun 2025 | Jan-Jun 2024 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,364,805 | 1,304,358 | +60,447 | | Operating Profit | (82,637) | (73,099) | -9,538 | | Net Profit | (240,957) | (1,332) | -239,625 | | Income Tax Expense | 157,292 | (72,829) | +230,121 | Parent Company Cash Flow Statement The parent company cash flow statement for H1 2025 shows increased operating and investing cash flows, but significantly higher financing outflows led to an expanded net cash decrease Key Parent Company Cash Flow Statement Metrics (Thousand CNY) | Item | Jan-Jun 2025 | Jan-Jun 2024 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1,135,673 | 1,009,768 | +125,905 | | Net Cash Flow from Investing Activities | 52,905,477 | 29,908,806 | +22,996,671 | | Net Cash Flow Used in Financing Activities | (54,047,369) | (30,919,834) | -23,127,535 | | Net Decrease in Cash and Cash Equivalents | (6,219) | (1,256) | -4,963 | Chapter 5 Reference Documents This chapter lists the available reference documents for public inspection and provides details on how to access them List of Reference Documents and Inquiry Methods This section lists the available reference documents, specifically Huawei Investment & Holding Co., Ltd.'s 2025 first-half consolidated and parent company financial statements, along with inquiry addresses and official websites - Reference documents include Huawei Investment & Holding Co., Ltd.'s 2025 first-half consolidated and parent company financial statements[46] - Inquiry address is Building 1, Area B, Huawei Base, Bantian, Longgang District, Shenzhen[46] - Inquiry websites include Beijing Financial Assets Exchange (www.cfae.cn), China Money (www.chinamoney.com.cn), and Shanghai Clearing House (www.shclearing.com.cn)[46](index=46&type=chunk)