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Behind ZTE's "Transformation": A Heavy Burden of 29.2 Billion Yuan in Accounts Receivable and a Double-Digit Decline in Net Profit for Shareholders
3 day ago /
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Author：小编
In the midst of the AI revolution, computational power has emerged as a pivotal force driving productivity. The first-half performance report from China's telecommunications giant, ZTE, sheds light on the company's financial standing. ZTE's revenue soared to 71.553 billion yuan, marking a 14.51% year-on-year increase. Notably, revenue from government and enterprise businesses surged by an impressive 109.9%, becoming the cornerstone of the company's growth. Despite this revenue surge, net profit attributable to shareholders declined by 11.77% year-on-year, amounting to 5.058 billion yuan, illustrating a case of 'revenue growth without commensurate profit increase'.
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