Huawei's 2024 Financial Summary: Profits Fall Despite Increase in Revenue.

Huawei, a big technology company from China, said its profit went down in 2024. But the company's total sales went up a lot because people bought more of their phones and car technology.

Huawei said the lower profit was because they spent more money on research. They also sold some parts of their business the year before, which made their profit higher then.

Huawei is known for making good technology and they want to keep making new things. More than half of their employees work on research and they spent a lot of money on it.

Huawei is having some problems because some countries don't trust them. These countries don't want Huawei to sell its technology because they worry it could be used for spying.

The United States is the main country that doesn't trust Huawei, and they convinced other countries to stop using Huawei too. Huawei says they would never do anything bad, and they are trying to sell more phones and other technology to make up for the lost business.