ZTE Corporation Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	133,895	117,128	120,589	119,600	111,308
Other Revenue	-	4,170	3,662	3,355	3,214
Revenue	133,895	121,299	124,251	122,954	114,522
Revenue Growth (YoY)	10.38%	-2.38%	1.05%	7.36%	12.88%
Cost of Revenue	93,391	75,905	73,506	78,020	74,978
Gross Profit	40,504	45,394	50,745	44,935	39,544
Selling, General & Admin	13,443	13,378	15,751	14,506	14,178
Research & Development	22,755	24,031	25,289	21,602	18,804
Other Operating Expenses	-1,796	-1,757	-470.32	-942.21	-1,154
Operating Expenses	34,301	35,466	40,670	35,385	32,134
Operating Income	6,204	9,928	10,075	9,549	7,410
Interest Expense	-3,744	-3,447	-3,142	-1,946	-1,481
Interest & Investment Income	4,799	4,511	4,085	3,527	3,061
Currency Exchange Gain (Loss)	-	-467.98	384.13	-480.91	-848.21
Other Non Operating Income (Expenses)	-434.27	-241.28	-171.6	-293.23	-177.6
EBT Excluding Unusual Items	6,824	10,283	11,231	10,356	7,964
Impairment of Goodwill	-	-	-	-	-186.21
Gain (Loss) on Sale of Investments	101.6	-625.13	-942.28	-1,163	1,083
Gain (Loss) on Sale of Assets	5.03	95.66	20.6	11.03	231.74
Asset Writedown	-627.66	-410.91	-50.63	-409.53	-416.51
Other Unusual Items	-	-112.58	-55.24	-43.18	-177.18
Pretax Income	6,303	9,230	10,203	8,752	8,499
Income Tax Expense	737.79	873.99	962.29	960.05	1,463
Earnings From Continuing Operations	5,565	8,356	9,241	7,792	7,036
Minority Interest in Earnings	52.67	69.18	84.9	288.69	-222.95
Net Income	5,618	8,425	9,326	8,080	6,813
Net Income to Common	5,618	8,425	9,326	8,080	6,813
Net Income Growth	-33.32%	-9.66%	15.41%	18.60%	59.33%
Shares Outstanding (Basic)	4,801	4,783	4,764	4,736	4,642
Shares Outstanding (Diluted)	4,843	4,783	4,764	4,736	4,644
Shares Change (YoY)	1.24%	0.41%	0.58%	1.98%	0.24%
EPS (Basic)	1.17	1.76	1.96	1.71	1.47
EPS (Diluted)	1.16	1.76	1.96	1.71	1.47
EPS Growth	-34.09%	-10.10%	14.75%	16.24%	59.53%
Free Cash Flow	25.76	7,465	13,401	2,626	10,037
Free Cash Flow Per Share	0.01	1.56	2.81	0.55	2.16
Dividend Per Share	-	0.617	0.683	0.400	0.300
Dividend Growth	-	-9.66%	70.75%	33.33%	50.00%
Gross Margin	30.25%	37.42%	40.84%	36.55%	34.53%
Operating Margin	4.63%	8.19%	8.11%	7.77%	6.47%
Profit Margin	4.20%	6.94%	7.51%	6.57%	5.95%
Free Cash Flow Margin	0.02%	6.15%	10.79%	2.14%	8.76%
EBITDA	10,446	12,169	14,644	13,608	11,592
EBITDA Margin	7.80%	10.03%	11.79%	11.07%	10.12%
D&A For EBITDA	4,242	2,241	4,569	4,058	4,183
EBIT	6,204	9,928	10,075	9,549	7,410
EBIT Margin	4.63%	8.19%	8.11%	7.77%	6.47%
Effective Tax Rate	11.71%	9.47%	9.43%	10.97%	17.21%
Advertising Expenses	-	727.07	1,707	1,311	1,217

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