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ZTE reports Q1 revenue of RMB 21.86bn, up 4.1% yr/yr, net income of RMB 949.5m
Announced Date: 4/28/2016 Published Date: 5/3/2016

ZTE has announced financial results for the first quarter ended March 31, 2016 as follows:


  1. Operating revenue for the first quarter of 2016 of RMB 21.86 billion (approximately $3.37 billion), up 4.1% compared with RMB 21.00 billion in first quarter of 2015.

  2. Operating profit for the first quarter of 2016 of RMB 314.2 million, up 22.7% compared with RMB 305.26 million in first quarter of 2015.

  3. R&D expenditure for the first quarter of 2016 of RMB 3.05 billion, up 18.7% versus RMB 2.57 billion in first quarter of 2015.

  4. SG&A expenditure for the first quarter of 2016 of RMB 3.33 billion, up 8.8% compared with RMB 3.06 billion in first quarter of 2015.

  5. Profit attributable to shareholders of RMB 949.5 million (approximately $146.5 million) in 2015, compared with profit of RMB 818.7 million in first quarter of 2015.

  6. Cash as of March 31, 2016 of RMB 37.34 billion, versus RMB 28.02 billion as at December 31, 2015.


Additional results and notes

ZTE reported net cash flows from operating activities for the first quarter of 2016 of RMB 3.94 billion, compared with negative net cash flow from operation of RMB 3.81 billion in the first quarter of 2015.