Chinese vendor ZTE Corporation has reported a full-year revenue of CNY 114.5 billion ($18.2 billion) in 2021, an increase of 12.9% compared to the previous year.
According to ZTE’s results, net profit attributable to holders of ordinary shares of the listed company reached CNY 6.8 billion, up 59.9% year-over-year. During the period, ZTE’s net cash flow from operating activities was CNY 15.7 billion, a surge of 53.7% compared to 2020.
“During the year, the company, although confronted with the global COVID-19 pandemic and complex external environment, kept solidifying its position with innovative initiatives while maintaining steady operations. While consolidating the company’s core competitiveness, ZTE furthered its digital transformation and continued to expand its capability and transaction boundaries,” ZTE said.
