On April 21st, ZTE released its Q1 2023 report. The report showed that for the months of January to March 2023, the company achieved operating income of RMB 29.14 billion, a year-on-year increase of 4.3%; net profit attributable to the parent company was RMB 2.64 billion, a year-on-year increase of 19.2%; non-recurring net profit attributable to the parent company was RMB 2.45 billion, a year-on-year increase of 25.7%; and the net amount of operating cash flow was RMB 2.33 billion, a year-on-year increase of 95.9%.
In 2023, the external environment remains complex and changeable, which brings challenges to corporate operations. To address this, ZTE has adopted the operating strategy of "precision, pragmatism, and steady growth" by accurately positioning its business, efficiently allocating resources, and continuously optimizing processes, in order to strengthen the company's ability to predict and adapt to uncertainty and build immunity against it.
Based on its core ICT full-stack capabilities accumulated over the long term, the company has built a comprehensive and efficient digital infrastructure around network, computing power, and cloud-network integration for its global customers, fully seizing development opportunities brought by digital economic construction and AI applications, and achieving steady growth in overall performance in Q1 2023.