ZTE Telecom released financial report: net profit of 7.84 billion yuan in the first three quarters, a year-on-year increase of 15%
On October 23, NetEase Technology reported that ZTE released its report for the third quarter of 2023. The report shows that from January to September 2023, ZTE achieved a revenue of 89
On October 23, NetEase Technology reported that ZTE released its report for the third quarter of 2023. The report shows that from January to September 2023, ZTE achieved a revenue of 89.39 billion yuan; The net profit attributable to the parent company was 7.84 billion yuan, a year-on-year increase of 15.0%; The net profit attributable to non parent companies was 7.1 billion yuan, a year-on-year increase of 27.9%; The net operating cash flow reached 9.26 billion yuan.
According to the report, ZTE invested 19.06 billion yuan in research and development in the first three quarters, accounting for 21.3% of its operating revenue. It is committed to building a comprehensive and efficient digital base for the industry through comprehensive efforts at three levels: breakthroughs in core infrastructure and capabilities, and improvements in production and transaction efficiency.
The report shows that the market position of operator network core products continues to maintain industry leadership. External agency reports show that ZTE's 5G base station, 5G core network, optical network 200G and other products have the second highest shipment volume in the world, and 5GRAN products have received a Global Data leader rating.
It is reported that in the first three quarters, ZTE adhered to the strategy of precise business positioning and precise resource allocation, and orderly promoted the innovative business of the second curve. With the acceleration of the era of digital intelligence and the emergence of large models, ZTE continues to deepen its exploration and practice in the two directions of "connection+computing power", promoting innovation in technology, products, and applications.
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