Chinese Tech Giant Huawei Reports Doubled First Half Net Profit

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Credit: Visual ChinaBEIJING, August 14 (TiPost) – China’s Huawei Technologies (HWT.UL) released its operating performance for the first half of 2023 last Friday, with sales revenue of 310.9 billion yuan, a year-on-year increase of 3.1%.Its net profit reached 46.63 billion yuan, a year-on-year surge of 209%, reversing the trend of continuously declining net profit margins.Due to factors such as U.S. sancti