ZTE's net profit in 2023 will be 9.325 billion yuan, a year-on-year increase of 15.41%

According to news from this site on March 26, ZTE released its 2023 annual report today. Its net profit in 2023 was 9.325 billion yuan, a year-on-year increase of 15.41%.

In 2023, ZTE Group achieved operating income of 124.2509 billion yuan, a year-on-year increase of 1.05%. In 2023, the group's gross profit margin was 41.53%, a year-on-year increase of 4.34 percentage points, mainly due to the improvement in the gross profit margins of the three major businesses of operator network, government and enterprise, and consumer business; operating costs were 72.6503 billion yuan, a year-on-year decrease of 5.93% , mainly due to reduced government, enterprise and consumer business costs.

In 2023, the group's profitability continued to improve. The net profit attributable to ordinary shareholders of listed companies was 9.3258 billion yuan, a year-on-year increase of 15.41%; Net profit excluding non-recurring gains and losses was 7.3996 billion yuan, a year-on-year increase of 19.99%. The performance table attached to this site is as follows:

In 2023, ZTE’s domestic market operating revenue was 86.4854 billion yuan, a year-on-year increase of 1.45%, accounting for 69.61% of operating income; gross profit margin was 43.27%, a year-on-year increase of 3.61 percentage points.

The company’s international market operating income was 37.7655 billion yuan, a year-on-year increase of 0.15%, accounting for 30.39% of operating income; the gross profit margin was 37.54%, a year-on-year increase of 5.94 percentage points.

From a business perspective, in 2023, ZTE’s operator network operating revenue was 82.7589 billion yuan, a year-on-year increase of 3.40%, mainly due to wireless products, Operating income from wired products increased; gross profit margin was 49.11%, a year-on-year increase of 2.89 percentage points, mainly due to changes in revenue structure and continued cost optimization.

In 2023, ZTE’s government and enterprise business revenue was 13.5835 billion yuan, a year-on-year decrease of 7.14%, mainly due to the decrease in operating revenue from domestic integration projects, data centers and international markets; the gross profit margin was 34.94%, a year-on-year increase of 9.59% percentage points, mainly due to continued cost optimization.

In 2023, ZTE’s consumer business operating income was 27.9085 billion yuan, a year-on-year decrease of 1.33%, mainly due to the decrease in operating income from international home terminals and international mobile phone products; the gross profit margin was 22.26%, A year-on-year increase of 4.50 percentage points was mainly due to the increase in gross profit margin of international home information terminals and mobile phone products.

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