ZTE Corporation (00763) announced its performance for the year 2024, with a net profit attributable to shareholders of 8.425 billion yuan, a year-on-year decrease of 9.7%.

ZTE Corporation (00763) announced its performance for the year 2024, with operating income of 121.299 billion yuan, a decrease of 2.4% year-on-year; net profit attributable to shareholders of the listed company was 8.425 billion yuan, a decrease of 9.7% year-on-year; basic earnings per share were 1.76 yuan, with a proposed final dividend of 6.17 yuan (tax included) per 10 shares. In 2024, the company's revenue from operator networks was 70.3267 billion yuan, a decrease of 15.02% year-on-year, mainly affected by the overall investment environment in China; the gross profit margin was 50.90%, an increase of 1.79 percentage points year-on-year, mainly due to the increase in gross profit margin of wireless products. Revenue from government and enterprise business was 18.566 billion yuan, an increase of 36.68% year-on-year, mainly due to the growth in revenue from servers and storage; the gross profit margin was 15.33%, a decrease of 19.58 percentage points year-on-year, mainly due to the decrease in gross profit margin of servers and storage and changes in revenue structure. Revenue from consumer business was 32.406 billion yuan, an increase of 16.12% year-on-year, mainly due to growth in revenue from home terminals, mobile phones and mobile internet products, and cloud computers; the gross profit margin was 22.66%, an increase of 0.57 percentage points year-on-year, mainly due to the increase in gross profit margin of home terminals. Looking ahead to 2025, the external environment remains complex and volatile, with a new round of technological revolution and industrial transformation continuing to deepen, with AI becoming a key competitive advantage. Opportunities and challenges coexist, and the company will maintain its strategic focus, accelerate the transformation towards "connectivity + computing power," and strive to create new opportunities.