Vendor

ZTE 3Q18 Revenue Fell 14.34% YoY

Updated:2018/10/26 12:10

Last night, ZTE released its financial report for the third quarter of 2018. According to the report, the revenue of ZTE has reached RMB 19,332 million in the third quarter of 2018, down 14.34% YoY; its net profit in the same period has reached RMB 564 million, down 64.98% YoY. Its total revenue in the first three quarters has decreased by 23.26% YoY to RMB 58,766 million, while its total net loss has decreased by 285.92% YoY to RMB 726 million.

Due to some reasons that everyone knows, ZTE has suffered a huge loss in the first half of this year. With the recovery of its business, ZTE promptly resumed its production and operation in the third quarter, while the orders it received had hit a record high in August.

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