Chinese vendor ZTE reported that its net profit attributable to holders of ordinary shares of the listed company reached CNY6.5-7.2 billion ($1.02-$1.13 billion), an increase of 52.6% to 69% year-on-year.
“During the year, the company, confronted with complex external environment, continued to solidify its position with innovative initiatives while maintaining steady operations and optimizing its market structure. The company achieved double-digit year-on-year growth in operating revenue, with both domestic and international markets and all its three major businesses (operator networks, government and enterprise services and consumer services) seeing year-on-year growth in terms of operating revenue,” the vendor said in its earnings release.
