Zte Corporation’s Net Profit Dropped 9.6% in 2024

Zte Corporation (中兴通讯股份有限公司) (000063.SZ) reported a net profit of 8.4 billion yuan in 2024, down 9.6% year-on-year.

Meanwhile, the company posted 121.3 billion yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 207.3 billion yuan in total assets and 134.2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.