{"id":55452,"date":"2023-04-24T20:59:48","date_gmt":"2023-04-24T12:59:48","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=55452"},"modified":"2023-04-24T20:59:51","modified_gmt":"2023-04-24T12:59:51","slug":"zte-reports-q1-2023-net-profit-of-rmb-2-64-billion","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2023\/04\/24\/zte-reports-q1-2023-net-profit-of-rmb-2-64-billion\/","title":{"rendered":"ZTE reports Q1 2023 net profit of RMB 2.64 billion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>ZTE Corporation announced a revenue of RMB 29.14 billion for the first quarter of 2023, an increase of 4.3% year-on-year.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Likewise, ZTE\u2019s Q1 2023 results show that the net profit attributable to holders of ordinary shares of the listed company reached RMB 2.64 billion, an increase of 19.2% year-on-year. The net profit after extraordinary items attributable to holders of ordinary shares of the listed company for the same period was RMB 2.45 billion, representing a year-on-year rise of 25.7%. Its net cash flows from operating activities increased by 95.9% to RMB 2.33 billion, compared to the same period last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the global environment remains complex and volatile in 2023 which poses challenges to corporate business operations, ZTE will continue to adopt the business strategy of &#8220;precision and pragmatism for steady growth&#8221;. ZTE aims to enhance its foresight, resilience and adaptability to uncertainties by positioning its business precisely, allocating resources efficiently, and optimizing processes continuously.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With its long-term expertise in ICT full-stack core capabilities, ZTE delivers a comprehensive and efficient digital foundation across network, cloud network, and computing power to customers worldwide. It also capitalizes on the opportunities arising from China&#8217;s digital transformation and artificial intelligence applications. The overall performance in the first quarter of 2023 is secured steady growth, as it continues its operational efficiency and resilience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ZTE\u2019s Q1 2023 results show that the net profit attributable to holders of ordinary shares of the listed company reached RMB 2.64 billion, an increase of 19.2% year-on-year. <\/p>\n","protected":false},"author":6,"featured_media":55453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[96,2727,1656,387],"class_list":["post-55452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-technology","tag-technology-adaption","tag-technology-investment","tag-zte"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/55452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=55452"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/55452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/55453"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=55452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=55452"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=55452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}