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 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.