)

ZTE (000063) investor relations material
ZTE H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Operating revenue for the first half of 2025 rose 14.51% year-on-year to RMB71.55 billion, driven by strong growth in government and corporate business and steady consumer business performance.
Net profit attributable to ordinary shareholders declined 11.77% year-on-year to RMB5.06 billion, with net profit after extraordinary items down 17.32%.
The company maintained its leadership in network connectivity and intelligent computing, with significant R&D investment and product innovation in AI, 5G, and intelligent computing infrastructure.
No interim dividend or capital reserve conversion was proposed for the reporting period.
Financial highlights
Operating revenue: RMB71.55 billion (+14.51% YoY); net profit: RMB5.06 billion (-11.77% YoY).
Net cash flows from operating activities: RMB1.30 billion, down 81.44% year-on-year due to higher cash outflows for goods and services.
Basic and diluted EPS: RMB1.06 (-11.67% YoY); net asset per share: RMB15.64 (+6.25% YoY).
Gross profit margin: 32.45% (down 7.99 percentage points YoY); weighted average ROE: 6.85% (down 1.43 percentage points YoY).
R&D investment: RMB13.54 billion, representing 18.92% of operating revenue.
Outlook and guidance
Management expects revenue to return to growth and operations to remain stable for the full year 2025.
Focus areas for H2 2025 include expanding intelligent computing, deepening cooperation in carrier and government/corporate sectors, and leveraging AI-driven product innovation.
Continued emphasis on AI for All strategy in consumer business, with new product launches and market expansion planned.
Next ZTE earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage