Financial Digest

ZTE Reports Net Profit of RMB9.33bn in 2023, Up 15.4% YoY

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ZTE,Net Profit,2023

ZTE's 2023 net profit reached RMB9.33 billion, showcasing a dual-drive strategy focusing on connectivity and computing power. The company demonstrated resilience amid challenges, with a strengthened focus on R&D investment. ZTE's operating revenue for 2023 was RMB124.25 billion, with a gross profit margin of 41.5%. Net cashflows from operating activities increased by 129.7% YoY.

ZTE reported a net profit of RMB9.33bn in 2023, showing a 15.4% YoY increase. The company focused on connectivity and computing power, with a strong emphasis on R&D investment. ZTE's operating revenue for 2023 was RMB124.

25bn, with a gross profit margin of 41.5%. Net cashflows from operating activities increased by 129.7% YoY.

 

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