China’s ZTE sees revenue surge in Jan.-Sept. period

Abstract : China's telecom equipment maker ZTE saw its operating revenue surge 15.4 percent year on year to 74.13 billion yuan (11.11 billion U.S. dollars) in the first three quarters of this year.

SHENZHEN, Oct. 29 (Xinhua) — China’s telecom equipment maker ZTE saw
its operating revenue surge 15.4 percent year on year to 74.13 billion
yuan (11.11 billion U.S. dollars) in the first three quarters of this
year.

In the third quarter alone, ZTE realized an operation revenue of
26.93 billion yuan, an annual increase of 37.2 percent, the company said
in a report Wednesday, adding that the net profit attributable to
common shareholders reached 850 million yuan.

It invested 10.79 billion yuan in research and development in the
January-September period, up 15.3 percent year on year, accounting for
14.6 percent of its operation revenue.

By the end of September, ZTE had obtained 55 commercial 5G contracts
and started 5G cooperation with more than 90 telecom operators around
the world. Enditem

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Source: China’s ZTE sees revenue surge in Jan.-Sept. period

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