Zte Corporation’s Net Profit Rose 18.6% in First Half of 2023

Zte Corporation (中兴通讯股份有限公司) (000063.SZ) reported a net profit of 5.4 billion yuan in the first half of 2023, up 18.6% year-on-year.

Meanwhile, the company posted 60.7 billion yuan in revenue, up 1.5% year-on-year.

At the end of the reporting period, it had 186.2 billion yuan in total assets and 122.1 billion yuan in total liabilities, with a liability-to-asset ratio of 65.6%.