Vendor

Net Profits of ZTE Estimated to be 5.6 Billion-6 Billion in the First Three Quarters

Updated:2021/10/18 15:00

According to the report on the performance of the first three quarters of 2021 released by ZTE on October 14, net profits attributable to ordinary shareholders of listed companies in the first three quarters is 5.6 billion to 6 billion yuan, a year-on-year growth of 106.49%-121.23%, among which, net profits attributable to ordinary shareholders of listed companies in the third quarter is 1.52 billion to 1.92 billion yuan, a year-on-year growth of 77.99%-124.79%.

According to ZTE, the company has made continuous efforts in optimizing the market pattern, which has increased the operating income and recovered the rate of gross profit. Besides, the Company has transferred 90% of the equity of Caltta Technologies Co., Ltd., bringing a pre-tax profit of 800 million yuan. All these contributed to the growth in the net profits in the first three quarters.

 Source:C114
Tags:ZTE
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