ZTE in 3Q 2020: R&D Cost Up 43.85%, Net Profit Down 67.83% YoY
On October 28, ZTE (000063:SZ, 00763:HK) released its financial results for July-September 2020.
The company's quarterly revenue grew by 37.18% year-on-year, reaching CNY 26.9 billion, while the net profit went down by 67.83%, hitting CNY 855 million. Meanwhile, its R&D spending increased by 43.85%.
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