Huawei net profit up 76% in 2021 despite U.S. crackdown

GENLI.ORG

TAIPEI — Huawei Technologies’ net profit rose more than 75% in 2021 despite its first-ever decline in revenue, thanks to steady growth in profitability and one-off gains from spinning off its budget smartphone line and a server business, the embattled Chinese company said Monday.

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