Zte Corporation’s Net Profit Rose 10.7% in 2022

Zte Corporation (中兴通讯股份有限公司) (000063.SZ) reported a net profit of 7.8 billion yuan in 2022, up 10.7% year-on-year.

Meanwhile, the company posted 123 billion yuan in revenue, up 7.4% year-on-year.

At the end of the reporting period, it had 181 billion yuan in total assets and 121.4 billion yuan in total liabilities, with a liability-to-asset ratio of 67.1%.

This article was automatically produced by Caixin Automation on April 27, 2023.

Download our app to receive breaking news alerts and read the news on the go.