ZTE's net profit in the third quarter of 2023 was 2.369 billion yuan, an increase of 5.09 percent over the same period last year.
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".
