Chinese vendor ZTE said it has recorded an operating revenue of CNY 89.39 billion ($12.22 billion) for the first three quarters of the year.
In a release, the company said its net profit amounted to CNY 7.84 billion in the first nine months of the year, representing an increase of 15% year-on-year. Net cash flows from operating activities totaled CNY 9.26 billion, ZTE said.
“This year has seen a backdrop of global macroeconomic uncertainty, posing challenges to the ICT industry. Simultaneously, the thriving digital economy has ushered in fresh opportunities for the development of digital infrastructure,” ZTE said.
