Huawei reports a mildly positive first half of the year

In the shadow of US sanctions ratcheting up on the Chinese tech sector, Huawei has reported its sales were up marginally for the first half of 2023.
Huawei generated CNY310.9 billion in revenue during the period, representing a YoY increase of 3.1%, which was in line with its forecasts, we’re told. The barebones (but still slightly more detailed than usual) financial announcement opted to report a net profit margin of 15% as opposed to the specific figure – but a quick calculation wo