Huawei Technologies maintained “steady” recovery momentum in 2025, with its profit rising 8.6 per cent, as the Chinese telecommunications gear maker doubled down on chip development and smartphones in defiance of US sanctions.

Net profit came in at 68 billion yuan (US$9.8 billion) last year, compared with 62.6 billion yuan a year earlier, according to the Shenzhen-based company’s annual report released on Tuesday.

Total revenue in 2025 reached 880.9 billion yuan, up 2.2 per cent from 862.1 billion yuan in 2024. The pace of growth was much slower than the 22 per cent surge seen in the previous year.

Huawei’s overall performance “remained steady” in 2025 and in line with forecasts, said Sabrina Meng Wanzhou, the rotating chairwoman, in a statement. While Huawei is a privately held company, it voluntarily discloses its key financial data on a regular basis.

Still, last year’s sales were the second-highest on record for Huawei after 891 billion yuan in 2020, a year after the US first imposed sanctions on the company’s lucrative mobile phone and international operations.