In the first half of 2023,Music Archives Huawei achieved a revenue of RMB 308.29 billion ($42.3 billion), compared to RMB 298.68 billion ($40.98 billion) in the same period the previous year, according to the company’s financial results released on August 30. The net profit was RMB 46.523 billion ($6.38 billion), a 218% year-on-year increase and a leap from the full-year net profit of RMB 35.6 billion ($4.88 billion) in 2022. During the first half of 2023, Huawei’s research and development expenses amounted to RMB 82.604 billion ($11.33 billion), representing a RMB 3.541 billion increase from the RMB 79.063 billion ($10.92 billion) in the same period last year. [Securities Times, in Chinese]
