Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Hippophae rhamnoides and Xiao Zhanche for the clue delivery! According to news from CTOnews.com on April 21, ZTE today released its first quarter report for 2023. According to the report, from January to March 2023, ZTE achieved operating income of 29.14 billion yuan, an increase of 4.3 percent over the same period last year, a net profit of 2.64 billion yuan, an increase of 19.2 percent over the same period last year, and a net profit of 2.45 billion yuan, up 25.7 percent over the same period last year. Net operating cash flow reached 2.33 billion yuan, an increase of 95.9 percent.

ZTE's main financial data sheet is attached to CTOnews.com:

ZTE said in the report that while the operator network is gradually increasing the market share of key wireless and wired products, it is also expanding its cooperation with operators in the convergence of computing networks and cloud networks. promote the rapid growth of innovative products such as servers and storage, new data centers, data center switches, and digital energy.

In terms of government and enterprise business, while optical transmission products maintain the growth trend, servers and storage are rapidly breaking through financial, Internet and other industries and forming large-scale applications. Data centers, data communications, databases and other products have gradually grown into the main force in the domestic government and enterprise market. The "Digital Nebula" platform provides support for intelligent manufacturing, low-carbon parks, smart ports, transportation and other application scenarios.

On the consumer side, ZTE released a number of new products, including the flagship nubia Z50 Ultra with fourth-generation off-screen cameras, and the world's first AI naked-eye 3D tablet computer, nubia Pad 3D. ZTE 5G MBB & FWA data terminal products remain in the lead. The operating income of home information terminals has maintained double-digit growth. Following the release of the new product AX5400Pro + at the end of 2022, Smart Family launched a new small sugar router in the first quarter of 2023, enriching the product matrix.

In addition, the company has successively launched G5 series servers with the characteristics of dense computing power, expansion, and heterogeneous computing power, including prefabricated high-power modules, liquid cooling, AI intelligent management and other new generation data centers, as well as 5G cloud notebook computer "Yufeng 2", driving the company's second curve innovation business revenue to grow by more than 40% in the first quarter compared with the same period last year.

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