ZTE Corporation Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	127,603	117,128	120,589	119,600	111,308	98,919
Other Revenue	4,170	4,170	3,662	3,355	3,214	2,532
Revenue	131,774	121,299	124,251	122,954	114,522	101,451
Revenue Growth (YoY)	5.50%	-2.38%	1.05%	7.36%	12.88%	11.81%
Cost of Revenue	92,048	75,905	73,506	78,020	74,978	69,492
Gross Profit	39,726	45,394	50,745	44,935	39,544	31,959
Selling, General & Admin	12,934	13,378	15,751	14,506	14,178	12,574
Research & Development	23,205	24,031	25,289	21,602	18,804	14,797
Other Operating Expenses	-1,734	-1,757	-470.32	-942.21	-1,154	-274.13
Operating Expenses	34,271	35,466	40,670	35,385	32,134	27,354
Operating Income	5,455	9,928	10,075	9,549	7,410	4,605
Interest Expense	-3,352	-3,447	-3,142	-1,946	-1,481	-1,496
Interest & Investment Income	4,633	4,511	4,085	3,527	3,061	2,145
Currency Exchange Gain (Loss)	-467.98	-467.98	384.13	-480.91	-848.21	17.46
Other Non Operating Income (Expenses)	11.26	-241.28	-171.6	-293.23	-177.6	-427.13
EBT Excluding Unusual Items	6,279	10,283	11,231	10,356	7,964	4,845
Impairment of Goodwill	-	-	-	-	-186.21	-
Gain (Loss) on Sale of Investments	256.4	-625.13	-942.28	-1,163	1,083	31.29
Gain (Loss) on Sale of Assets	12.44	95.66	20.6	11.03	231.74	-
Asset Writedown	108.72	-410.91	-50.63	-409.53	-416.51	-19.25
Other Unusual Items	-48.31	-112.58	-55.24	-43.18	-177.18	207.37
Pretax Income	6,608	9,230	10,203	8,752	8,499	5,064
Income Tax Expense	755.17	873.99	962.29	960.05	1,463	342.47
Earnings From Continuing Operations	5,853	8,356	9,241	7,792	7,036	4,722
Minority Interest in Earnings	-12.86	69.18	84.9	288.69	-222.95	-445.7
Net Income	5,840	8,425	9,326	8,080	6,813	4,276
Preferred Dividends & Other Adjustments	-	-	-	-	-	16.24
Net Income to Common	5,840	8,425	9,326	8,080	6,813	4,260
Net Income Growth	-37.81%	-9.66%	15.41%	18.60%	59.33%	-22.20%
Shares Outstanding (Basic)	4,785	4,783	4,764	4,736	4,642	4,612
Shares Outstanding (Diluted)	4,785	4,783	4,764	4,736	4,644	4,633
Shares Change (YoY)	-0.16%	0.41%	0.58%	1.98%	0.24%	9.69%
EPS (Basic)	1.22	1.76	1.96	1.71	1.47	0.92
EPS (Diluted)	1.22	1.76	1.96	1.71	1.47	0.92
EPS Growth	-37.77%	-10.10%	14.75%	16.24%	59.53%	-24.59%
Free Cash Flow	936.73	7,465	13,401	2,626	10,037	3,761
Free Cash Flow Per Share	0.20	1.56	2.81	0.55	2.16	0.81
Dividend Per Share	0.617	0.617	0.683	0.400	0.300	0.200
Dividend Growth	-9.66%	-9.66%	70.75%	33.33%	50.00%	-
Gross Margin	30.15%	37.42%	40.84%	36.55%	34.53%	31.50%
Operating Margin	4.14%	8.19%	8.11%	7.77%	6.47%	4.54%
Profit Margin	4.43%	6.94%	7.51%	6.57%	5.95%	4.20%
Free Cash Flow Margin	0.71%	6.15%	10.79%	2.14%	8.76%	3.71%
EBITDA	5,949	12,169	14,644	13,608	11,592	6,322
EBITDA Margin	4.52%	10.03%	11.79%	11.07%	10.12%	6.23%
D&A For EBITDA	494.2	2,241	4,569	4,058	4,183	1,717
EBIT	5,455	9,928	10,075	9,549	7,410	4,605
EBIT Margin	4.14%	8.19%	8.11%	7.77%	6.47%	4.54%
Effective Tax Rate	11.43%	9.47%	9.43%	10.97%	17.21%	6.76%
Advertising Expenses	-	727.07	1,707	1,311	1,217	777.78

Source: S&P Global Market Intelligence. Standard template. Financial Sources.