ZTE First-Quarter Profit Reaches RMB950 Million After Improvements in Operating Cash Flow

(BUSINESS WIRE)-- ZTE Corporation (H share stock code: 0763.HK / A share stock code: 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced its first quarter results for the period ending 31 March 2016.

The Group reported operating revenue of RMB21.859 billion, representing a 4.09% increase year on year. Net profit attributable to shareholders of the listed company amounted to RMB950 million, representing a 15.97% increase from the same period last year. Basic earnings per share amounted to RMB0.23. The Group's net profit after extraordinary items, operating cash flow and net cash and cash equivalents at the end of the year all made a big progress. R&D ratio hit a historical high 13.96%.

ZTE continues to innovate in line with its M-ICT strategy and set a new record by investing 13.96% of revenue into R&D in Q1. ...

Source : http://me-newswire.net//news/17736/en...