Huawei Technology released its 2026 interim report. First-half net profit attributable to the parent was 117 million yuan, down 8.1% year on year. Operating revenue was 1.002 billion yuan, up 6.9% year on year. Net profit attributable to the parent after deducting non-recurring items was 114 million yuan, down 4.0% year on year. Net operating cash flow was 127 million yuan, down 27.4% year on year. Earnings per share were 0.431 yuan. In the second quarter, operating revenue was 579 million yuan, up 18.8% year on year. Net profit attributable to the parent was 75.03 million yuan, up 18.9% year on year. Net profit attributable to the parent after deducting non-recurring items was 73.84 million yuan, up 27.5% year on year. As of the end of the second quarter, total assets were 2.905 billion yuan, down 3.1% from the end of the previous year. Net assets attributable to the parent were 2.021 billion yuan, up 4.8% from the end of the previous year. The company said that during the reporting period it actively developed small spring products, expanded business outside the automotive sector, and increased the scale of valve and special-shaped parts through investment in a German subsidiary. Its business now covers rail transit, robotics, construction machinery, electrical energy, aviation and other fields. Management said that suspension system component products continued to undergo technological upgrades, and the valve and special-shaped parts business expanded steadily. However, as the Chongqing production base and the German overseas production base were completed and put into operation one after another, overall period expenses rose year on year, causing net profit to decline in the current period.
Hwaway Tech Corp LtdFirst-half net profit fell 8.1% year on year due to higher expenses from new production bases.
