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

According to CTOnews.com news on October 23, ZTE today released its third quarter 2023 report, with revenue of 28.688 billion yuan, down 12.38% from the same period last year, and net profit of 2.369 billion yuan, up 5.09% from the same period last year.

From January to September 2023, ZTE achieved operating income of 89.39 billion yuan, down 3.42% from the same period last year, and its net profit was 7.84 billion yuan, up 14.97% from the same period last year.

CTOnews.com found from the report that ZTE invested 19.06 billion yuan in R & D in the first three quarters, accounting for 21.3% of revenue.

ZTE said it made all-round efforts at three levels: "breakthroughs at the bottom of the core, upgrading infrastructure and capabilities, and improving production and trading efficiency".

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