ZTEs net profit surges by 27.05% from a year earlier

Updated:2022/10/28 15:17

Recently, ZTE has posted its financial results for the third quarter of 2022. As revealedZTE achieved operating revenue of RMB 32.741 billion in the third quarter, a year-on-year increase of 6.46%. Its net profit reached 2.254 billion yuan, representing a year-on-year increase of 27.05%.

For the nine months ended 30 September 2022, ZTE’s operating revenue amounted to RMB 92.56 billion, increasing by 10.42% from a year earlier. Its net profit in total is RMB 6.82 billion, up 16.20% year on year. ZTE invested RMB 16.11 billion into R&D during that period, which accounted for 17.4% of the 9-month operating revenue.

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