ZTE Corp
SZSE:000063
Income Statement
Earnings Waterfall
ZTE Corp
Revenue
|
124.3B
CNY
|
Cost of Revenue
|
-73.5B
CNY
|
Gross Profit
|
50.8B
CNY
|
Operating Expenses
|
-40.9B
CNY
|
Operating Income
|
9.9B
CNY
|
Other Expenses
|
-577.8m
CNY
|
Net Income
|
9.3B
CNY
|
Income Statement
ZTE Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
75 132
N/A
|
76 092
+1%
|
75 326
-1%
|
79 376
+5%
|
81 471
+3%
|
83 418
+2%
|
89 673
+7%
|
91 194
+2%
|
100 186
+10%
|
101 046
+1%
|
102 045
+1%
|
103 228
+1%
|
101 233
-2%
|
105 120
+4%
|
107 487
+2%
|
106 249
-1%
|
108 815
+2%
|
110 597
+2%
|
94 238
-15%
|
91 001
-3%
|
85 513
-6%
|
80 188
-6%
|
90 688
+13%
|
90 987
+0%
|
90 737
0%
|
90 018
-1%
|
93 326
+4%
|
100 625
+8%
|
101 451
+1%
|
106 208
+5%
|
107 322
+1%
|
111 147
+4%
|
114 522
+3%
|
116 210
+1%
|
121 269
+4%
|
123 255
+2%
|
122 954
0%
|
124 167
+1%
|
123 841
0%
|
119 789
-3%
|
124 251
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(54 205)
|
(53 630)
|
(52 790)
|
(55 677)
|
(56 464)
|
(58 177)
|
(62 182)
|
(62 705)
|
(69 811)
|
(71 084)
|
(71 327)
|
(73 095)
|
(70 840)
|
(73 882)
|
(75 754)
|
(74 565)
|
(75 137)
|
(78 386)
|
(66 853)
|
(63 177)
|
(58 252)
|
(51 612)
|
(57 834)
|
(58 057)
|
(58 269)
|
(57 482)
|
(61 954)
|
(68 394)
|
(69 492)
|
(73 984)
|
(72 612)
|
(72 786)
|
(74 978)
|
(75 423)
|
(78 719)
|
(79 957)
|
(78 020)
|
(77 131)
|
(75 281)
|
(70 990)
|
(73 453)
|
|
Gross Profit |
20 927
N/A
|
22 461
+7%
|
22 534
+0%
|
23 699
+5%
|
25 007
+6%
|
25 240
+1%
|
27 491
+9%
|
28 488
+4%
|
30 376
+7%
|
29 962
-1%
|
30 718
+3%
|
30 133
-2%
|
30 393
+1%
|
31 237
+3%
|
31 732
+2%
|
31 683
0%
|
33 679
+6%
|
32 212
-4%
|
27 387
-15%
|
27 826
+2%
|
27 261
-2%
|
28 577
+5%
|
32 854
+15%
|
32 930
+0%
|
32 467
-1%
|
32 536
+0%
|
31 372
-4%
|
32 231
+3%
|
31 959
-1%
|
32 224
+1%
|
34 711
+8%
|
38 361
+11%
|
39 544
+3%
|
40 787
+3%
|
42 550
+4%
|
43 299
+2%
|
44 935
+4%
|
47 036
+5%
|
48 560
+3%
|
48 799
+0%
|
50 798
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(21 181)
|
(21 625)
|
(21 980)
|
(21 935)
|
(22 988)
|
(23 125)
|
(25 334)
|
(26 684)
|
(28 973)
|
(28 938)
|
(30 112)
|
(29 966)
|
(31 056)
|
(36 655)
|
(34 719)
|
(34 732)
|
(28 697)
|
(27 442)
|
(26 970)
|
(26 056)
|
(26 056)
|
(27 846)
|
(28 589)
|
(29 359)
|
(26 849)
|
(23 967)
|
(22 659)
|
(25 661)
|
(27 167)
|
(26 994)
|
(28 429)
|
(30 834)
|
(32 312)
|
(33 461)
|
(34 923)
|
(35 363)
|
(35 678)
|
(37 553)
|
(38 675)
|
(39 071)
|
(40 894)
|
|
Selling, General & Administrative |
(12 207)
|
(12 408)
|
(12 292)
|
(12 176)
|
(13 307)
|
(12 359)
|
(13 018)
|
(13 373)
|
(16 057)
|
(14 427)
|
(14 986)
|
(15 200)
|
(17 615)
|
(15 081)
|
(14 678)
|
(15 092)
|
(18 112)
|
(14 862)
|
(15 804)
|
(14 707)
|
(16 629)
|
(16 768)
|
(16 625)
|
(17 245)
|
(15 315)
|
(14 458)
|
(13 375)
|
(13 151)
|
(13 212)
|
(13 430)
|
(13 360)
|
(14 080)
|
(14 766)
|
(14 367)
|
(14 681)
|
(14 929)
|
(15 346)
|
(14 992)
|
(15 112)
|
(14 805)
|
(16 622)
|
|
Research & Development |
(7 384)
|
(7 551)
|
(7 883)
|
(8 811)
|
(9 009)
|
(9 600)
|
(10 374)
|
(10 736)
|
(12 201)
|
(12 683)
|
(13 768)
|
(13 798)
|
(12 762)
|
(12 790)
|
(12 380)
|
(12 072)
|
(12 962)
|
(12 587)
|
(11 347)
|
(12 291)
|
(9 445)
|
(11 295)
|
(12 317)
|
(11 740)
|
(10 748)
|
(12 696)
|
(12 714)
|
(13 980)
|
(12 694)
|
(15 749)
|
(17 021)
|
(18 177)
|
(16 220)
|
(19 310)
|
(20 094)
|
(20 741)
|
(18 748)
|
(22 837)
|
(24 242)
|
(24 555)
|
(21 975)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(286)
|
0
|
0
|
0
|
(293)
|
0
|
0
|
0
|
(267)
|
0
|
0
|
0
|
(268)
|
0
|
0
|
0
|
(1 860)
|
0
|
0
|
0
|
(2 285)
|
0
|
0
|
0
|
(2 654)
|
0
|
0
|
0
|
(3 137)
|
0
|
0
|
0
|
(3 302)
|
0
|
0
|
0
|
(3 877)
|
|
Other Operating Expenses |
(1 590)
|
(1 666)
|
(1 805)
|
(949)
|
(386)
|
(1 165)
|
(1 942)
|
(2 574)
|
(422)
|
(1 828)
|
(1 356)
|
(966)
|
(412)
|
(8 784)
|
(7 661)
|
(7 568)
|
2 645
|
7
|
181
|
942
|
1 879
|
217
|
353
|
(373)
|
1 499
|
3 187
|
3 430
|
1 470
|
1 392
|
2 186
|
1 953
|
1 422
|
1 811
|
216
|
(148)
|
306
|
1 717
|
276
|
679
|
289
|
1 580
|
|
Operating Income |
(253)
N/A
|
837
N/A
|
554
-34%
|
1 762
+218%
|
2 019
+15%
|
2 114
+5%
|
2 156
+2%
|
1 805
-16%
|
1 402
-22%
|
1 024
-27%
|
606
-41%
|
166
-73%
|
(663)
N/A
|
(5 418)
-717%
|
(2 987)
+45%
|
(3 049)
-2%
|
4 981
N/A
|
4 768
-4%
|
414
-91%
|
1 767
+327%
|
1 205
-32%
|
730
-39%
|
4 265
+484%
|
3 572
-16%
|
5 618
+57%
|
8 571
+53%
|
8 715
+2%
|
6 571
-25%
|
4 792
-27%
|
5 231
+9%
|
6 282
+20%
|
7 527
+20%
|
7 232
-4%
|
7 326
+1%
|
7 627
+4%
|
7 935
+4%
|
9 256
+17%
|
9 483
+2%
|
9 885
+4%
|
9 728
-2%
|
9 904
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1 240)
|
(2 038)
|
(1 485)
|
(1 717)
|
(1 435)
|
(1 815)
|
(1 810)
|
(1 325)
|
(497)
|
(695)
|
133
|
657
|
723
|
1 745
|
751
|
2 350
|
(406)
|
1 466
|
1 270
|
(984)
|
(1 076)
|
(1 034)
|
(758)
|
(324)
|
(836)
|
(1 432)
|
(665)
|
(964)
|
(249)
|
1 705
|
1 846
|
1 708
|
580
|
1 026
|
579
|
593
|
(14)
|
(17)
|
(274)
|
5
|
324
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(524)
|
0
|
0
|
0
|
(585)
|
0
|
0
|
0
|
(5 097)
|
0
|
0
|
0
|
2 178
|
0
|
0
|
0
|
(741)
|
0
|
0
|
2 706
|
2 770
|
0
|
0
|
1
|
928
|
47
|
47
|
0
|
865
|
184
|
192
|
0
|
(447)
|
19
|
20
|
24
|
31
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(36)
|
0
|
0
|
0
|
(29)
|
(4)
|
(5)
|
(8)
|
(23)
|
0
|
0
|
(80)
|
0
|
0
|
0
|
65
|
0
|
0
|
(17)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
3 321
|
3 534
|
3 661
|
3 471
|
3 514
|
3 600
|
3 692
|
3 831
|
4 012
|
4 217
|
4 134
|
4 198
|
4 292
|
3 266
|
2 047
|
1 115
|
(34)
|
(6 798)
|
(6 679)
|
(6 969)
|
(6 738)
|
(109)
|
(177)
|
61
|
(391)
|
(336)
|
(285)
|
(308)
|
(407)
|
(414)
|
(426)
|
(473)
|
(177)
|
(130)
|
(214)
|
(171)
|
(43)
|
(85)
|
(31)
|
(55)
|
(55)
|
|
Pre-Tax Income |
1 828
N/A
|
2 333
+28%
|
2 730
+17%
|
3 518
+29%
|
3 538
+1%
|
3 899
+10%
|
4 038
+4%
|
4 313
+7%
|
4 304
0%
|
4 543
+6%
|
4 869
+7%
|
5 013
+3%
|
(768)
N/A
|
(407)
+47%
|
(189)
+54%
|
336
N/A
|
6 719
+1 900%
|
(564)
N/A
|
(4 995)
-786%
|
(6 121)
-23%
|
(7 350)
-20%
|
(413)
+94%
|
3 313
N/A
|
6 015
+82%
|
7 162
+19%
|
6 803
-5%
|
7 766
+14%
|
5 301
-32%
|
5 064
-4%
|
6 570
+30%
|
7 750
+18%
|
8 762
+13%
|
8 499
-3%
|
8 406
-1%
|
8 184
-3%
|
8 357
+2%
|
8 752
+5%
|
9 400
+7%
|
9 599
+2%
|
9 701
+1%
|
10 203
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(393)
|
(471)
|
(453)
|
(796)
|
(810)
|
(937)
|
(649)
|
(557)
|
(563)
|
(603)
|
(773)
|
(748)
|
(640)
|
(745)
|
(865)
|
(871)
|
(1 333)
|
(677)
|
(23)
|
(100)
|
401
|
(119)
|
(578)
|
(834)
|
(1 385)
|
(1 326)
|
(1 489)
|
(1 127)
|
(342)
|
(573)
|
(801)
|
(1 065)
|
(1 463)
|
(1 419)
|
(1 152)
|
(822)
|
(960)
|
(1 029)
|
(962)
|
(843)
|
(962)
|
|
Income from Continuing Operations |
1 434
|
1 860
|
2 275
|
2 720
|
2 728
|
2 962
|
3 389
|
3 756
|
3 740
|
3 940
|
4 096
|
4 266
|
(1 408)
|
(1 152)
|
(1 053)
|
(535)
|
5 386
|
(1 240)
|
(5 018)
|
(6 221)
|
(6 949)
|
(532)
|
2 735
|
5 180
|
5 777
|
5 476
|
6 275
|
4 173
|
4 722
|
5 996
|
6 949
|
7 697
|
7 036
|
6 987
|
7 032
|
7 536
|
7 792
|
8 371
|
8 637
|
8 858
|
9 241
|
|
Income to Minority Interest |
(76)
|
(85)
|
(99)
|
(82)
|
(94)
|
(67)
|
(87)
|
(60)
|
(116)
|
(125)
|
(252)
|
(302)
|
(448)
|
(440)
|
(277)
|
(276)
|
(317)
|
(325)
|
(65)
|
70
|
383
|
208
|
(50)
|
(419)
|
(280)
|
(132)
|
(549)
|
(338)
|
(446)
|
(531)
|
(468)
|
(297)
|
(223)
|
57
|
268
|
244
|
289
|
135
|
349
|
243
|
85
|
|
Net Income (Common) |
1 358
N/A
|
1 775
+31%
|
2 176
+23%
|
2 637
+21%
|
2 634
0%
|
2 894
+10%
|
3 121
+8%
|
3 407
+9%
|
3 208
-6%
|
3 276
+2%
|
3 360
+3%
|
3 463
+3%
|
(2 357)
N/A
|
(2 093)
+11%
|
(1 331)
+36%
|
(561)
+58%
|
4 568
N/A
|
(1 302)
N/A
|
(5 298)
-307%
|
(6 596)
-24%
|
(6 984)
-6%
|
(714)
+90%
|
2 311
N/A
|
4 404
+91%
|
5 148
+17%
|
5 065
-2%
|
5 534
+9%
|
3 732
-33%
|
4 260
+14%
|
5 466
+28%
|
6 481
+19%
|
7 401
+14%
|
6 813
-8%
|
7 043
+3%
|
7 300
+4%
|
7 780
+7%
|
8 080
+4%
|
8 506
+5%
|
8 987
+6%
|
9 101
+1%
|
9 326
+2%
|
|
EPS (Diluted) |
0.34
N/A
|
0.44
+29%
|
0.53
+20%
|
0.64
+21%
|
0.64
N/A
|
0.71
+11%
|
0.77
+8%
|
0.84
+9%
|
0.77
-8%
|
0.79
+3%
|
0.8
+1%
|
0.82
+2%
|
-0.56
N/A
|
-0.48
+14%
|
-0.31
+35%
|
-0.13
+58%
|
1.09
N/A
|
-0.31
N/A
|
-1.24
-300%
|
-1.58
-27%
|
-1.67
-6%
|
-0.18
+89%
|
0.55
N/A
|
1.05
+91%
|
1.22
+16%
|
1.09
-11%
|
1.18
+8%
|
0.83
-30%
|
0.92
+11%
|
1.29
+40%
|
1.28
-1%
|
1.6
+25%
|
1.47
-8%
|
1.49
+1%
|
1.52
+2%
|
1.65
+9%
|
1.71
+4%
|
1.8
+5%
|
1.87
+4%
|
1.92
+3%
|
1.96
+2%
|