ZTE Corporation

0763.HK

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

15,769

Cost of Revenue

9,790

Gross Profit

5,978

Gross Margin

37.9%

Operating Income

1,214

Operating Margin

7.7%

Net Income

1,095

Net Margin

6.9%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

2,294

EBITDA Margin

14.5%

2023

12/31/2023

Revenue

16,153

Cost of Revenue

9,549

Gross Profit

6,604

Gross Margin

40.9%

Operating Income

1,334

Operating Margin

8.3%

Net Income

1,212

Net Margin

7.5%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

2,375

EBITDA Margin

14.7%

2022

12/31/2022

Revenue

15,984

Cost of Revenue

10,040

Gross Profit

5,944

Gross Margin

37.2%

Operating Income

1,768

Operating Margin

11.1%

Net Income

1,050

Net Margin

6.6%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

1,961

EBITDA Margin

12.3%

2021

12/31/2021

Revenue

14,888

Cost of Revenue

9,641

Gross Profit

5,247

Gross Margin

35.2%

Operating Income

1,128

Operating Margin

7.6%

Net Income

886

Net Margin

5.9%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

1,894

EBITDA Margin

12.7%

2020

12/31/2020

Revenue

13,189

Cost of Revenue

9,019

Gross Profit

4,169

Gross Margin

31.6%

Operating Income

976

Operating Margin

7.4%

Net Income

556

Net Margin

4.2%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

1,369

EBITDA Margin

10.4%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	15,769	16,153	15,984	14,888	13,189
Cost of Revenue	9,790	9,549	10,040	9,641	9,019
Gross Profit	5,978	6,604	5,944	5,247	4,169
Gross Margin	37.9%	40.9%	37.2%	35.2%	31.6%
Operating Income	1,214	1,334	1,768	1,128	976
Operating Margin	7.7%	8.3%	11.1%	7.6%	7.4%
Net Income	1,095	1,212	1,050	886	556
Net Margin	6.9%	7.5%	6.6%	5.9%	4.2%
EPS (Basic)	$0.00	$0.00	$0.00	$0.00	$0.00
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00	$0.00
EBITDA	2,294	2,375	1,961	1,894	1,369
EBITDA Margin	14.5%	14.7%	12.3%	12.7%	10.4%