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Core Insights - Huawei's revenue increased in the first half of 2025, reaching 427.04 billion yuan, a year-on-year growth of 3.95%, while net profit decreased to 37.20 billion yuan, reflecting a decline compared to the same period in 2024 [1][2] Financial Performance - Revenue for the first half of 2025 was 427.04 billion yuan, compared to 410.82 billion yuan in the same period of 2024 [2] - Operating costs rose to 224.33 billion yuan from 205.18 billion yuan year-on-year [2] - R&D expenses increased to 96.95 billion yuan, up over 8 billion yuan from 88.91 billion yuan in 2024 [3] - Net profit for the first half of 2025 was 37.20 billion yuan, down from 54.86 billion yuan in 2024 [2] R&D and Innovation - Huawei ranked first in R&D spending among China's top 500 private enterprises, with a total of 1.13 trillion yuan reported [3] - The company holds over 150,000 effective patents globally, leading in areas such as cellular communication and audio/video coding [3] Market Position and Product Development - Huawei maintained a dominant position in the domestic foldable smartphone market, with a 75% market share, selling 3.74 million units in the first half of 2025 [3] - In the automotive sector, Huawei's smart driving technology has seen strong sales, with cumulative deliveries surpassing 900,000 units [3][4] Strategic Partnerships and Ecosystem Development - Huawei's HarmonyOS is gaining traction, with over 10 million devices running the system, aiming to compete with Android and iOS [4] - The company is actively collaborating with universities for innovation, emphasizing the importance of original research [4] Leadership Recognition - Ren Zhengfei, Huawei's founder, was named one of the 100 most influential people in AI by Time magazine, highlighting Huawei's competitive position in AI technology [5]