ZTE Reports Net Profit of RMB 9.33 Billion in 2023, Up 15.4% YoY
ZTE Corporation, a global leading provider of information and communication technology solutions, reported a full-year operating revenue of RMB 124.25 billion in 2023. According to ZTE's results announcement, in 2023, the company's gross profit margin was 41.5%. The net profit attributable to holders of ordinary shares of the listed company reached RMB 9.33 billion, up 15.4% year-over-year. The net profit after extraordinary items attributable to holders of ordinary shares of the listed company for 2023 amounted to RMB 7.40 billion, representing a 20.0% year-on-year rise. In 2023, the company's net cash flows from operating activities reached RMB 17.41 billion, a year-over-year increase of 129.7%, with total cash dividends proposed to be distributed accounting for 35.0% of the net profit attributable to the holders of ordinary shares of the listed company. In 2023, amidst a challenging external landscape, ZTE demonstrated precision and pragmatism, maintaining steady operations. With
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