On April 25th, ZTE Communications released its 2024 Q1 report. The report shows that from January to March, the company achieved operating income of 30.58 billion yuan, a year-on-year increase of 4.9%; net profit attributable to shareholders reached 2.74 billion yuan, a year-on-year increase of 3.7%; non-recurring net profit attributable to shareholders reached 2.65 billion yuan, a year-on-year increase of 7.9%; and the net cash flow from operating activities reached 2.98 billion yuan, a year-on-year increase of 28.3%. Overall performance remained robust, with both operating income and net profit achieving year-on-year growth.
In the first quarter, in the operator market, domestic growth was under pressure due to the overall investment environment, and the company is accelerating the transition from "full connectivity" to "connectivity + computing power", fully expanding market space. Internationally, the company continued to break through in major countries and large-scale projects, maintaining a growth trend. At the same time, the company is increasing its expansion into government-enterprise and consumer businesses, and both business sectors have returned to a fast-growing track.