ZTE Corp. (ZTE), an information and communication technology solutions provider, reported a full-year operating revenue of RMB 124.25 billion, attributing it to the company’s resilience amid challenging market conditions.
In 2023, ZTE achieved a gross profit margin of 41.5%, contributing to an increase in net profit. The net profit attributable to holders of ordinary shares of the listed company soared to RMB 9.33 billion, marking a 15.4% year-over-year growth. The net profit after extraordinary items reached RMB 7.40 billion, reflecting a substantial 20% increase compared to the previous year.
The company’s strong performance was further highlighted by a surge in net cash flows from operating activities, which reached RMB 17.41 billion, representing a 129.7% year-over-year rise. ZTE proposed to distribute cash dividends amounting to 35% of the net profit attributable to ordinary shareholders.
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Despite a challenging external environment, ZTE maintained steady operations and prioritized investments in research and development (R&D), allocating RMB 25.29 billion, equivalent to 20.4% of operating revenue, toward innovative initiatives.
ZTE continued to strengthen its risk prevention measures and embarked on a digital transformation journey to bolster operational resilience. By capitalizing on opportunities in industry digitization, intelligent computing, and green initiatives, the company pursued a diversified strategy across various product lines and sectors, achieving robust expansion in both domestic and international markets.
According to ZTE, it remains committed to embracing digital transformation and shaping a sustainable future through collaboration and innovation. With a focus on efficiency, environmental sustainability, and intelligence, the company is well-positioned to navigate the evolving landscape of digital technologies and drive continued success in the years to come.