ZTE reports revenue of RMB 89.39 billion for first three quarters

ZTE Corporation has reported operating revenue of RMB 89.39 billion for the first three quarters of 2023.
ZTE at a trade show boothZTE has posted net profit of RMB 7.84 billion, representing an increase of 15 percent year-on-year, in the first nine months.

During this period, the company’s R&D investment amounted to RMB 19.06 billion, constituting 21.3 percent of its operating revenue, as part of its dedicated efforts to construct a comprehensive and efficient digital foundation for the industry.