Huawei posts robust net profit growth despite U.S. sanctions

Chinese tech company Huawei reported a 75.9-percent rise in net profit in 2021, although revenue dropped to 636.8 billion following U.S. sanctions, Chief Financial Officer Meng Wanzhou told a press conference in Shenzhen on March 28. Despite the decline in revenue, Meng said Huawei's ability to "make a profit and generate cash flows is increasing," adding that the company will continue to invest in talent and research. 

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