ZTE achieved a net profit of 2.71 billion yuan in the first three quarters, a year-on-year decrease of 34.3%

On the evening of 28th, ZTE released the third quarter report of 2020. The company’s revenue in the first three quarters was 74.13 billion yuan, an increase of 15.39% year-on-year; the net profit attributable to the common shareholders of the listed company was 2.71 billion yuan, a year-on-year decrease of 34.3%; the basic earnings per share was 0.59 yuan, a year-on-year decrease of 39.8%. In addition, ZTE achieved revenue of 26.93 billion yuan in the third quarter, with a year-on-year increase of 37.18%; the net profit attributable to common shareholders of listed companies was 854 million yuan, a year-on-year decrease of 67.83%. On the same day (28th), ZTE announced that it plans to purchase 18.8219% shares of ZTE microelectronics, a holding subsidiary of the company, jointly held by Hengjian Xinxin and Huitong Rongxin, with an estimated transaction price range of RMB 2.541 billion to RMB 2.635 billion; after the completion of the transaction, ZTE will hold 100% equity of ZTE microelectronics. In the secondary market, ZTE A shares closed 34.5 yuan / share, up 3.29%, and fell 9.63% in the past 60 days, with a total market value of 145.6 billion yuan. ZTE’s H-shares closed at HK $19.08/share on the 28th daily, down 16.68% in the past 60 days, with a total market value of HK $167.9 billion. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.