close
close

Tag: Chinese Yuan

Huawei records a jump in profits in the first half of the year thanks to smartphone renaissance

Posted on | Posted on Theodore | Leave a Comment on Huawei records a jump in profits in the first half of the year thanks to smartphone renaissance
Huawei records a jump in profits in the first half of the year thanks to smartphone renaissance

By David Kirton SHENZHEN, China (Reuters) – Chinese technology giant Huawei reported strong growth in revenue and net profit in the first half of the year on Thursday. Smartphone sales were robust and its business with components for smart cars was also doing well despite U.S. sanctions. Net profit rose 18% to 54.9 billion yuan […]

Chinese electric car manufacturer BYD reports 33 percent increase in profits

Posted on | Posted on Theodore | Leave a Comment on Chinese electric car manufacturer BYD reports 33 percent increase in profits
Chinese electric car manufacturer BYD reports 33 percent increase in profits

BEIJING (Reuters) – Chinese electric vehicle maker BYD on Wednesday reported a 32.8% rise in second-quarter net profit, the fastest growth since the end of 2023, despite weakening spending on expensive products in the world’s largest auto market. Net profit reached 9.1 billion yuan ($1.3 billion) in the April-June quarter, while sales rose 25.9 percent […]