Core Viewpoint - Huawei has launched its second commercial foldable phone, the Mate XTs, showcasing significant advancements in technology and performance, while also reporting a return to the top of the domestic smartphone market in terms of shipment volume [1][3][5]. Group 1: Product Launch - On September 4, Huawei held a launch event for the Mate XTs foldable phone, which features the Kirin 9020 chip, marking the return of the Kirin series after four years [3]. - The Mate XTs offers enhanced performance with a 36% improvement due to system-level optimizations and is the first in the industry to integrate PC applications for multi-window interaction [3]. - The pricing for the Mate XTs starts at 17,999 yuan for the 16GB+256GB version, with the top configuration priced at 21,999 yuan, reflecting a price reduction of 2,000 yuan compared to its predecessor [3]. Group 2: Market Performance - Huawei has regained its position as the top smartphone vendor in China with a shipment volume of 12.5 million units, capturing an 18.1% market share, despite a 4.1% year-on-year decline in the overall smartphone market [5][6]. - The company's revenue for the first half of 2025 reached 427.04 billion yuan, a year-on-year increase of 3.94%, while net profit fell by 32% to 37.20 billion yuan due to significant R&D investments [6]. - R&D expenditure amounted to 96.95 billion yuan, representing 22.7% of total revenue, indicating a strong commitment to future competitiveness [6].