In the first half of the year, ZTE achieved revenue of 44.609 billion yuan, a year-on-year increase of 13.12%, and net profit of 1.471 billion yuan, a loss of 7.824 billion yuan in the same period last year.
文 | Daily Business Collection
ZTE lost its losses in the first half of the year but did not fully recover. It is necessary to get rid of the shrinking shadow by 5G
On August 27, ZTE released the semi-annual report for 2019. According to the data, ZTE achieved revenue of 44.609 billion yuan in the first half of the year, a year-on-year increase of 13.12%, and net profit of 1.471 billion yuan, a loss of 7.824 billion yuan in the same period last year. ZTE expects net profit for the first three quarters of 2019 to be 3.8 billion to 4.6 billion yuan, an increase of 152.34%-163.36%.
The first half of 2018 was the toughest period for ZTE. The US government’s $1 billion fine and $400 million in deposits caused ZTE to suffer huge losses. During the three-month ban…
Editor’s Comments: In terms of revenue, ZTE has not recovered to the level of the first half of 2017, but each positive growth indicator indicates that ZTE’s “healing” effect is good and is recovering combat effectiveness. However…
This article is from the paid section “Daily Business Featured” – August 28
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