Huawei Investment & Holding reported first-half revenue of RMB467.82 billion, up 9.55% from a year earlier. Net profit fell to RMB23.43 billion from RMB37.05 billion, while research and development spending rose to RMB121.38 billion.
R&D spending increased by about 25% and accounted for 25.9% of revenue, according to the company’s half-year figures. The numbers show Huawei continuing to raise technology investment even as profit declined. [IT Home, in Chinese]