Chinese telecommunications giant Huawei Technologies saw its revenue drop by almost a third in the first half of 2021 - as US sanctions and the sale of its budget smartphone business bit into its margins.
The company generated revenue of 320.4 billion yuan or $49.56 billion, it said on Friday.
Its net profit margin rose 0.6 percentage points to 9.8%, largely due to efficiency improvements, a company spokesman said.
In 2019 former US President Donald Trump put Huawei on an export blacklist and barred it from accessing critical technology of US origin, affecting its ability to design its own chips and source components from outside vendors.
