Tech Brief (April 1): Huawei’s Revenue Growth Slows in 2025

Published: Apr. 1, 2026 6:29 p.m. GMT+8

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Huawei’s revenue growth slows

Huawei Technologies Co. Ltd. reported a slowdown in sales revenue growth for 2025, constrained by limited expansion in its ICT (information and communications technology) infrastructure and consumer device businesses. The company generated 880.9 billion yuan ($127.6 billion) in sales revenue for the year, up 2.2% year-on-year, significantly lower than the 22.4% growth recorded in 2024. Net profit rose 8.7% to 68 billion yuan, rebounding from a 28% year-on-year decline in 2024.

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Huawei 2025 revenue +2.2% to 880.9B yuan ($127.6B), net profit +8.7% to 68B yuan.
UBTech 2025 revenue +53.3% to 2B yuan; full-size robots 820M yuan (+2,203.7%, 1,079 units).
Onsemi $50M China investment; GalaxySpace A-share IPO filing; Lightelligence HK IPO; Tencent WorkBuddy WeChat mini-program.

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Who’s Who

Huawei Technologies Co. Ltd.: Huawei Technologies Co. Ltd. reported 2025 sales revenue of 880.9 billion yuan ($127.6 billion), up 2.2% YoY, slower than 22.4% growth in 2024 due to limited ICT infrastructure and consumer device expansion. Net profit rose 8.7% to 68 billion yuan.

ON Semiconductor Corp.: ON Semiconductor Corp. (Onsemi) will establish a Greater China headquarters in Shanghai and invest $50 million over the next three years. It plans to appoint a China general manager to oversee systems engineering, enhancing coordination for automotive, industrial, and data-center customers amid rising EV, renewable energy, and AI demand.

UBTech Robotics Corp. Ltd.: UBTech Robotics Corp. Ltd. reported 2025 full-year revenue of ~2 billion yuan, up 53.3% YoY. Net loss narrowed 31.9% to 790 million yuan. Full-size embodied AI humanoid robots generated 820 million yuan (+2,203.7% YoY), with 1,079 units sold. Sold 12,759 non-full-size, non-embodied AI humanoid robots (remote-controlled, pre-programmed, toys).

GalaxySpace: Chinese commercial satellite startup GalaxySpace has begun the process for an A-share IPO listing. It filed for IPO tutoring with the Beijing bureau of the China Securities Regulatory Commission, advised by Huatai United Securities, amid growing state support for the commercial space sector.

Huatai United Securities Co. Ltd.: Huatai United Securities Co. Ltd. is serving as the adviser for Chinese satellite startup GalaxySpace's A-share IPO filing, registered with the Beijing bureau of the China Securities Regulatory Commission.

Shanghai Lightelligence Co. Ltd.: Shanghai Lightelligence Co. Ltd., a maker of optical interconnect hardware and optical-computing products, filed for a Hong Kong IPO on Monday with HKEX. Joint sponsors are China International Capital Corp. and Guotai Haitong. No fundraising target disclosed. Proceeds will fund R&D, commercialization acceleration, and general purposes over five years, driven by AI data center demands.

Hong Kong Exchanges and Clearing Ltd.: Shanghai Lightelligence Co. Ltd., a maker of optical interconnect hardware and optical-computing products, filed for a Hong Kong IPO with Hong Kong Exchanges and Clearing Ltd. on Monday. Joint sponsors are China International Capital Corp. and Guotai Haitong. Proceeds will fund R&D, commercialization, and corporate purposes.

China International Capital Corp.: China International Capital Corp. is a joint sponsor, with Guotai Haitong, for Shanghai Lightelligence Co. Ltd.'s Hong Kong IPO filing submitted on Monday. Proceeds will fund R&D, commercialization of optical interconnect hardware and optical-computing products, and general corporate purposes.

Guotai Haitong: Guotai Haitong is a joint sponsor, alongside China International Capital Corp., for Shanghai Lightelligence Co. Ltd.'s Hong Kong IPO filing. Proceeds will fund R&D, commercialization of optical interconnect hardware and optical-computing products, and general corporate purposes.

Tencent Holdings Ltd.: Tencent Holdings Ltd. launched a WeChat mini-program version of its desktop AI agent WorkBuddy on March 31. It supports cloud and desktop modes, allowing users to send files/images via voice commands and download generated content to phones. Previously, WeChat connections via customer service and ClawBot lacked file support and had instability issues.

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