Zte Corporation’s Net Profit Dropped 0.1% in First Half of 2022

Zte Corporation (中兴通讯股份有限公司) (000063.SZ) reported a net profit of 4.5 billion yuan in the first half of 2022, down 0.1% year-on-year.

Meanwhile, the company posted 59.8 billion yuan in revenue, up 12.7% year-on-year.

At the end of the reporting period, it had 179.7 billion yuan in total assets and 123 billion yuan in total liabilities, with a liability-to-asset ratio of 68.4%.