华为2025年上半年营收4270亿元 研发投入超969亿元

Core Insights - Huawei Technologies Co., Ltd. reported a sales revenue of 427 billion yuan for the first half of 2025, representing a year-on-year growth of 3.94%. However, net profit decreased by 32% to 37.1 billion yuan, attributed to increased R&D and strategic investments, as well as changes in the external environment [1][3]. Financial Performance - The company maintained a robust asset structure, with total assets reaching 12.51 trillion yuan and total liabilities at 7.12 trillion yuan, resulting in a debt-to-asset ratio of 56.9% [3]. - Huawei's cash and cash equivalents amounted to 1.81 trillion yuan, with a net cash flow from operating activities of 31.183 billion yuan [3]. - R&D expenditure for the first half of 2025 was 96.9 billion yuan, marking a year-on-year increase of 9.04%, and accounting for 22.7% of total revenue, a record high that significantly exceeds the industry average [3]. Business Performance - Huawei's consumer business showed strong performance, regaining the top position in China's smartphone market with an 18.1% market share in Q2 2025, driven by the popularity of the Pura and nova product series, as well as the continuous improvement of the HarmonyOS ecosystem [3]. - The company plans to launch several key products in September, including the Mate XTs extraordinary master foldable smartphone and the WATCH GT 6 series smartwatches, further enriching its smart terminal product line [3].