ZTE’s net profit attributable to the parent company in the first half of 2023 was 5.472 billion yuan, a year-on-year increase of 19.85%

According to news from this site on August 18, ZTE released its report for the first half of 2023 today, achieving operating income of 60.70 billion yuan, a year-on-year increase of 1.48%; The net profit attributable to ordinary shareholders of the listed company was 5.47 billion. Yuan, a year-on-year increase of 19.85%; net profit attributable to ordinary shareholders of listed companies excluding non-recurring gains and losses was 4.91 billion yuan, a year-on-year increase of 31.78%; basic earnings per share was 1.15 yuan. The financial statements attached to this site are as follows:

# From a market perspective, in the first half of 2023, ZTE’s operating income from the domestic market and international market respectively achieved 431.1 billion and 17.59 billion yuan, accounting for 71.02% and 28.98% of operating income respectively. Domestic business increased by 6.19% year-on-year, and international business decreased by 8.47% year-on-year.

In the first half of 2023, ZTE’s operating income from operator network, government and enterprise business, and consumer business reached 40.81 billion yuan, 5.87 billion yuan, and 14.02 billion yuan respectively, accounting for 20% of total operating income. 67.23%, 9.68% and 23.09%

The operator's network operating income increased by 5.40% year-on-year, mainly due to the year-on-year increase in revenue from fixed network products and bearer products; the government and enterprise business operating income decreased by 12.37% year-on-year, mainly due to Domestic integration projects and international market revenue decreased year-on-year; Consumer business operating income decreased by 2.60% year-on-year, mainly due to the year-on-year decrease in international mobile phone product revenue.

##Looking ahead to the second half of 2023, ZTE plans to invest heavily in 5G- Research and development of forward-looking technologies such as Advanced, 6G, AI large models and vertical models. In the domestic market, they will seize market opportunities such as the digital economy and artificial intelligence, while in the international market, they will focus on the healthy operation of big countries, big T and big networks

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