Zte Corporation’s Net Profit Rose 15.9% in First Three Quarters of 2023

Zte Corporation (中兴通讯股份有限公司) (000063.SZ) reported a net profit of 7.8 billion yuan in the first three quarters of 2023, up 15.9% year-on-year.

Meanwhile, the company posted 89.4 billion yuan in revenue, down 3.4% year-on-year.

At the end of the reporting period, it had 189.1 billion yuan in total assets and 122.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.