For the nine months that ended on September 30, 2022, ZTE achieved operating revenue of RMB 92.56 billion, an increase of 10.4% as compared with the same period last year. During the period, net profit attributable to holders of ordinary shares of the listed company reached RMB 6.82 billion, an increase of 16.5%, and net profit after extraordinary items attributable to holders of ordinary shares of the listed company amounted to RMB 5.55 billion, representing a year-on-year increase of 55.3%. The basic earnings per share were RMB 1.44.
Despite the challenges of the complex external environment, ZTE posted steady progress in the first three quarters by collaborating with industry partners and furthering its position as a “driver of the digital economy.” During the period, the company strengthened its key technology and product competitiveness, with R&D expense reaching RMB 16.11 billion, 17.4% of 9-month operating revenue.
During the period, while solidifying its position with innovative initiatives, ZTE built its comprehensive DICT product series and solutions in three dimensions: an efficient digital infrastructure of "connection and computing power;" flexible and agile digital capabilities; and application innovation of APPs services.
With the wave of global digitalization and low-carbon development, ZTE achieved year-on-year growth with its operating revenue in both domestic and international markets and in the three major businesses (carriers' networks, government and enterprise, and consumer business) as well.