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 billions of CNY | 2024 | 2023 |
|---|---|---|
| Operating revenue | 121.3a | 124.25a |
| Operating costs | -75.31a | -72.7a |
| Taxes and surcharges | -1.18a | -1.34a |
| Selling and distribution costs | -8.9a | -10.12a |
| Administrative expenses | -4.48a | -5.63a |
| Research and development costs | -24.03a | -25.29a |
| Finance costs | -0.26a | -1.1a |
| Interest expense | -3.45a | -3.14a |
| Interest income | 4.4a | 4.08a |
| Other income | 2.93a | 1.81a |
| Investment income | 0.11a | -0.21a |
| Gains from investment in associates and joint ventures | 0.16a | 0.27a |
| Losses from derecognition of financial assets at amortised cost | -0.34a | -0.28a |
| Gains from changes in fair values | -0.63a | -0.7a |
| Credit impairment losses | -0.09a | -0.08a |
| Asset impairment losses | -0.93a | -0.86a |
| Gains from asset disposal | 0.1a | 0.02a |
| Operating profit | 9.34a | 10.26a |
| Non-operating income | 0.08a | 0.17a |
| Non-operating expenses | -0.19a | -0.23a |
| Total profit | 9.23a | 10.2a |
| Income tax | -0.87a | -0.96a |
| Net profit | 8.36a | 9.24a |
| Net profit from continuing operations | 8.36a | 9.24a |
| Analysed by ownership | — | — |
| Holders of ordinary shares of the parent | 8.42a | 9.33a |
| Non-controlling interests | -0.07a | -0.08a |
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