Zte Corporation’s Net Profit Dropped 2.4% in First Quarter of 2022

Zte Corporation (中兴通讯股份有限公司) (000063.SZ) reported a net profit of 2 billion yuan in the first quarter of 2022, down 2.4% year-on-year.

Meanwhile, the company posted 27.9 billion yuan in revenue, up 6.4% year-on-year.

At the end of the reporting period, it had 179.2 billion yuan in total assets and 123.9 billion yuan in total liabilities, with a liability-to-asset ratio of 69.1%.