ZTE Corporation (SHE:000063)

ZTE Corporation Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	150,214	133,895	121,299	124,251	122,954	114,522
Revenue Growth	13.99%	10.38%	-2.38%	1.05%	7.36%	12.88%
Gross Profit Gross Profit Growth	39,022	40,312	45,394	50,745	44,935	39,544
Operating Income Operating Income Growth	4,215	5,993	9,928	10,075	9,549	7,410
Net Income Net Income Growth	4,356	5,618	8,425	9,326	8,080	6,813
Earnings Per Share EPS Growth	0.89	1.16	1.76	1.96	1.71	1.47
EPS Growth	-27.34%	-34.09%	-10.10%	14.75%	16.24%	59.53%

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Carrier Network Carrier Network Growth	62,857	70,327	82,759	80,041	75,712
Consumer Business Consumer Business Growth	33,816	32,406	27,909	28,286	25,731
Government and Corporate Business Government and Corporate Business Growth	37,222	18,566	13,583	14,628	13,079
Total Total Growth	133,895	121,299	124,251	122,954	114,522

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	66,743	51,658	57,657	78,697	56,860	52,074
Total Debt Total Debt Growth	71,815	65,312	58,072	58,324	46,818	40,817
Net Cash (Debt) Net Cash Growth	-5,072	-13,654	-414.5	20,373	10,042	11,257
Net Cash Growth	-	-	-	102.88%	-10.79%	7637.51%
Net Cash Per Share Net Cash Per Share Growth	-1.03	-2.82	-0.09	4.28	2.12	2.42

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	2,856	3,919	11,480	17,406	7,578	15,724
Capital Expenditures CapEx Growth	-3,626	-3,893	-4,015	-4,005	-4,952	-5,686
Free Cash Flow Free Cash Flow Growth	-769.35	25.76	7,465	13,401	2,626	10,037
Free Cash Flow Growth	-	-99.66%	-44.29%	410.36%	-73.84%	166.88%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	25.98%	30.11%	37.42%	40.84%	36.55%	34.53%
Operating Margin	2.81%	4.48%	8.19%	8.11%	7.77%	6.47%
Pretax Margin	3.48%	4.71%	7.61%	8.21%	7.12%	7.42%
Profit Margin	2.90%	4.20%	6.94%	7.51%	6.57%	5.95%
FCF Margin	-0.51%	0.02%	6.15%	10.79%	2.14%	8.76%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 7, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.411	0.411	0.617	0.683	0.400	0.300
Dividend Per Share Growth	0%	-33.39%	-9.66%	70.75%	33.33%	50.00%
Dividend Yield	1.46%	1.15%	1.64%	2.75%	1.66%	0.97%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 7, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	31.83	30.41	21.37	12.72	14.16	21.46
Forward PE	20.43	23.33	20.24	13.53	15.66	22.66
P/FCF Ratio	-	6632.75	24.12	8.85	43.58	14.56
PS Ratio	0.84	1.28	1.48	0.96	0.93	1.28

Data Source: S&P Global Market Intelligence Last updated: Oct 26, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 6, 2026

Data Sources Report a data error