Below are the financial statements of ZTE, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of CNY | 2024 | 2023 |
---|---|---|
Current assets | — | — |
Currency cash | 43,885.35a | 78,543.22a |
Trading financial assets | 13,768.78a | 153.29a |
Derivative financial assets | 173.44a | 85.34a |
Trade receivables | 21,288.39a | 20,821.53a |
Factored trade receivables | 6.5a | 3.5a |
Receivable financing | 4,243.04a | 4,074.08a |
Prepayments | 692.1a | 242.44a |
Other receivables | 2,597.59a | 1,146.4a |
Inventories | 41,257.66a | 41,131.26a |
Contract assets | 4,972.07a | 4,844.97a |
Non-current assets due within one year | 3.09a | 0a |
Other current assets | 8,899.35a | 7,458.53a |
Total current assets | 141,787.35a | 158,504.55a |
Non-current assets | — | — |
Debt investment | 25,068.45a | 0a |
Long-term receivables | 833.97a | 2,013.56a |
Factored long-term receivables | 8.66a | 10.51a |
Investment in associates and joints | 2,333.84a | 2,157.55a |
Other non-current financial assets | 715.76a | 831.93a |
Investment properties | 99.05a | 1,473.82a |
Property, plant and equipment | 14,178.42a | 13,372.36a |
Construction in progress | 685.38a | 987.8a |
Right-of-use assets | 1,551.57a | 1,557.31a |
Intangible assets | 7,159.2a | 7,697.45a |
Development costs | 1,594.56a | 1,301.55a |
Goodwill | 14.43a | 0a |
Deferred tax assets | 4,396.09a | 4,145.92a |
Other non-current assets | 6,896.52a | 6,904a |
Total non-current assets | 65,535.88a | 42,453.77a |
Total assets | 207,323.23a | 200,958.32a |
Current liabilities | — | — |
Short-term loans | 7,027.07a | 7,560.36a |
Bank advances on factored trade receivables | 6.5a | 3.69a |
Derivative financial liabilities | 200.85a | 184.54a |
Short-term bonds payable | 0a | 5,012.89a |
Bills payable | 10,959.33a | 9,442.74a |
Trade payables | 22,371.79a | 18,931.43a |
Contract liabilities | 12,859.42a | 14,889.66a |
Employee benefits payable | 16,991.69a | 16,176.92a |
Taxes payable | 1,205.02a | 1,413.09a |
Other payables | 3,236.99a | 3,844.74a |
Provisions | 2,184.07a | 2,568.77a |
Non-current liabilities due within one year | 5,592.74a | 3,001.6a |
Total current liabilities | 82,635.47a | 83,030.41a |
Non-current liabilities | — | — |
Long-term loans | 44,058.92a | 42,576.06a |
Bank advances on factored long-term trade receivables | 8.66a | 11.06a |
Bonds payable | 1,004.88a | 0a |
Lease liabilities | 972.94a | 960.46a |
Long-term employee benefits payable | 153.65a | 141.76a |
Deferred income | 1,496.56a | 2,315.84a |
Deferred tax liabilities | 90.65a | 77.87a |
Other non-current liabilities | 3,791.22a | 3,513.41a |
Total non-current liabilities | 51,577.48a | 49,596.46a |
Total liabilities | 134,212.95a | 132,626.87a |
Shareholder’s equity | — | — |
Share capital | 4,783.54a | 4,783.25a |
Capital reserves | 27,476.1a | 27,603.29a |
Other comprehensive income | -2,465.53a | -2,199.97a |
Special reserve | 88.21a | 53.39a |
Surplus reserve | 3,053.52a | 3,053.38a |
Retained profits | 39,872.64a | 34,714.95a |
Total equity attributable to holders of ordinary shares of the parent | 72,808.48a | 68,008.31a |
Non-controlling interests | 301.8a | 323.14a |
Total shareholders’ equity | 73,110.28a | 68,331.45a |
Total liabilities and shareholders’ equity | 207,323.23a | 200,958.32a |
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