ZTE reports revenue of RMB 30.58 billion, net profit of RMB 2.74 billion in Q1 2024

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ZTE reports revenue of RMB 30.58 billion, net profit of RMB 2.74 billion in Q1 2024
Product EcosystemDigital TransformationAI Technologies
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ZTE integrates AI technology into its product ecosystem, driving innovation and enhancing user experiences.

ZTE reports revenue of RMB 30.58 billion and net profit of RMB 2.74 billion in Q1 2024, demonstrating stable growth amid challenging market conditions

Its net cash flows from operating activities increased by 28.3% to RMB 2.98 billion, compared to the same period last year. The overall performance maintained stable growth, with both operating revenue and net profit showing year-on-year growth. ZTE, leveraging its long-term accumulation of ICT full-stack full-domain capabilities, fully seizes the strategic opportunities in digitization, intelligence and decarbonisation. Keeping pace with the wave of AI development, the company deepens its business layout of "connectivity + computing power," providing global customers in high-speed networks, computing infrastructure and industrial digital transformation with an open and innovative intelligent network foundation.

In the field of connectivity, ZTE has achieved industry-leading competitiveness in key technologies and products, and continues to evolve around next-generation ICT technologies such as 5G-A, all-optical networks and 6G.

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Product Ecosystem Digital Transformation AI Technologies ZTE Financial Results

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