Huawei said net profit for January to June fell to 23.81 billion yuan ($3.54 billion), accelerating from a 32% drop in the same period a year earlier, while revenue rose 9.6% to 467.82 billion yuan. ^[1] Huawei Technologies reported a 36% plunge in first-half net profit on Monday, falling to 23.81 billion yuan ($3.54 billion), as soaring input costs and heavier research and development spending outweighed revenue growth. ^[2] Huawei reported total revenues of 467.82 billion yuan, equivalent to approximately 69.6 billion dollars, for the first six months of the year. ^[3] Huawei said R&D spending rose 25.2% to 121.38 billion yuan, equivalent to 25.9% of revenue, as it stepped up investment in AI, communications technology, smart devices and intelligent vehicle solutions. ^[4] Huawei stated that its first-half results were in line with its forecasts, but its full-year outlook remained under review because of external uncertainty and higher input costs. ^[5] Research and development expenses increased by 25.2% compared to the previous year. ^[6] The reported revenue figure represents a 9.55% increase compared to the same period in the previous year. ^[7]