ZTE reports increased in 9-month revenue and net profit

For the last 9-month period that ended last September, Chinese giant ZTE Corporation reported a 10.4 percent increase in revenue and profit YoY!

ZTE continues to grow in revenue and net profit according to Q3 2022 report!

ZTE showed revenue and net profit growth in 2022's first 9 months!

The Q3 2022 financial results show that ZTE generated operating revenue of CNY 92.56 billion for this year's first 9 months which ended on September 30, 2022. This is an increase of 10.4 percent from the same period the previous year.

Although there were difficulties during the first three quarters of 2022, ZTE persevered in working with its business partners and honing its own positioning as a "driver of the digital economy." By continuing to invest in R&D, the company was able to increase the competitiveness of its core technologies and products. Expenses for this period totaled CNY 16.11 billion, or 17.4 percent of operating revenue for the 9-month period.

ZTE created its extensive DICT product line and solutions during that time, dividing them into three categories: effective digital infrastructure of "connection and processing power," flexible and agile digital capabilities, and application innovation of APPs services. 

The three main businesses (carriers' networks, government and enterprise, and consumer business) and operating revenue for ZTE increased YoY as a result of the wave of global digitization and low-carbon development.

The top telco firms and businesses in the Philippines continue to rely on ZTE as their steadfast partner and support system. According to Wan Min, president of ZTE Philippines, the company will continue to be the industry's strong partner in developing the digital economy, with leading creative solutions and high-quality delivery.

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