ZTE: net profit in the third quarter decreased by 67.83% year on year

On the evening of 28th, ZTE released the third quarter performance report of 2020. According to the report, in the third quarter of 2020, ZTE’s revenue was 26.930 billion yuan, a year-on-year increase of 37.18%; the net profit attributable to common shareholders of listed companies was 855 million yuan, a year-on-year decrease of 67.83%. In the first three quarters of 2020, ZTE’s total operating revenue was about 74.129 billion yuan, with a year-on-year increase of 15.39%; its net profit was about 2.712 billion yuan, a year-on-year decrease of 34.30%; and the earnings per share was 0.59 yuan. < / P > < p > ZTE announced on the evening of 28th that ZTE plans to purchase 18.8219% equity of ZTE microelectronics, the company’s holding subsidiary, jointly held by Hengjian Xinxin and Huitong Rongxin, with the 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. < / 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.