任正非：干就完了！华为利润降32%，却狂砸970亿搞研发

Core Insights - Huawei's revenue increased steadily while net profit significantly declined, reflecting a strategic choice to invest heavily in research and development [1][3][9] Financial Performance - In the first half of 2025, Huawei reported revenue of 427.04 billion yuan, a year-on-year increase of 3.95%, while net profit was 37.195 billion yuan, down 32.19% [1][3] - R&D expenses reached 96.95 billion yuan, a 9.04% increase, accounting for 22.7% of revenue, which is significantly higher than the typical 5%-15% for tech companies [3][4] Business Segments - Huawei's business structure has evolved to include multiple sectors such as ICT infrastructure, cloud computing, consumer devices, digital energy, and smart automotive solutions [4] - In the consumer segment, Huawei led the domestic smartphone market with a shipment of 12.5 million units in Q2 2025, capturing an 18.1% market share [4] - The smart automotive sector also showed progress, with over 900,000 units of HarmonyOS vehicles delivered, expected to exceed one million by October [4][5] Cloud Computing Growth - Huawei Cloud's overall computing power grew nearly 250% year-on-year, with the number of clients using Ascend AI cloud services increasing from 321 to 1,714 [5] Leadership Philosophy - Founder Ren Zhengfei emphasized a pragmatic approach to challenges, advocating for a focus on action rather than obstacles [6][7] - He acknowledged Huawei's technological gaps but highlighted innovative methods to address these challenges [7] Commitment to Research - Ren stressed the importance of foundational research, viewing it as essential for future stability and growth, with Huawei investing approximately 60 billion yuan annually in non-assessed foundational research [8] Financial Health - Despite the decline in net profit, Huawei's financial health remains robust, with total assets of 1.251 trillion yuan and a debt ratio of 56.9% [9][10] - The company holds 1.81 trillion yuan in cash, ensuring sufficient operational and strategic investment capacity [9][10] Future Outlook - Ren expressed optimism about artificial intelligence as a potential revolutionary technology, noting China's unique advantages in this field [11] - He also emphasized the importance of openness and collaboration for progress, believing in the potential for a unified market under government leadership [12]