ZTE (000063) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 33.99% YoY to RMB38.813bn; attributable net income reached RMB1.307bn versus RMB264.4m a year earlier.

• 9M revenue grew 16.23% YoY to RMB116.838bn, while attributable net income fell 23.71% to RMB4.060bn.

Financial highlights

• Q3 adjusted net income, excluding non-recurring items, increased 363.65% YoY to RMB592.9m; 9M adjusted net income declined 27.46% to RMB2.814bn.

• 9M operating profit was RMB4.848bn versus RMB5.839bn in 9M 2025; net income was RMB4.081bn versus RMB5.345bn.

• Q3 operating profit was RMB1.708bn, compared with an operating loss of RMB2.632bn in Q3 2025.

• 9M non-recurring gains totaled RMB1.247bn, including RMB840.8m from financial asset fair-value changes and disposals.

Key financial ratios and metrics

• Q3 basic and diluted EPS were RMB0.27, up 350.00% YoY; 9M basic EPS was RMB0.85 and diluted EPS RMB0.83, down 23.42% and 25.23%, respectively.

• 9M weighted average ROE was 5.34%, down 1.86 percentage points YoY; Q3 ROE was 1.69%, up 1.34 percentage points YoY.

• Total assets were RMB246.700bn at Sep. 30, up 13.30% from year-end 2025; equity attributable to shareholders was RMB78.023bn, up 3.44%.