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中兴通讯 — Financial Statements
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
+Revenue 133.9B 121.3B 124.3B 123.0B 114.5B
Revenue Growth % 10.4% -2.4% 1.1% 7.4% --
Total Revenue 133.9B 121.3B 124.3B 123.0B 114.5B
Cost Of Revenue 93.4B 75.3B 72.7B 77.2B 74.2B
+Gross Profit 40.5B 46.0B 51.5B 45.7B 40.4B
Gross Margin % 30.3% 37.9% 41.5% 37.2% 35.2%
Total Operating Cost 131.0B 114.5B 114.9B 116.0B 110.7B
Selling Expenses 9.2B 8.9B 10.1B 9.2B 8.7B
Admin Expenses 4.2B 4.5B 5.6B 5.3B 5.4B
Rd Expenses 22.8B 24.0B 25.3B 21.6B 18.8B
Finance Expenses -227.0M -265.0M -1.1B 163.0M 963.0M
+Operating Income 6.4B 9.3B 10.3B 8.8B 8.7B
Operating Margin % 4.8% 7.7% 8.3% 7.2% 7.6%
Non Operating Income 201.0M 76.3M 173.0M 196.0M 250.0M
Non Operating Expenses 260.0M 189.0M 228.0M 239.0M 427.0M
Investment Income 453.0M 112.0M -205.0M 1.1B 1.6B
Fair Value Change Income 102.0M -625.0M -702.0M -1.1B 1.1B
Asset Disposal Income 5.0M 95.7M 20.6M 11.0M 232.0M
Asset Impairment Loss 628.0M 933.0M 858.0M 1.2B 1.5B
Other Income 2.9B 2.9B 1.8B 1.9B 1.9B
Income Before Tax 6.3B 9.2B 10.2B 8.8B 8.5B
Income Tax 738.0M 874.0M 962.0M 960.0M 1.5B
+Net Income 5.6B 8.4B 9.2B 7.8B 7.0B
Net Margin % 4.2% 6.9% 7.4% 6.3% 6.1%
Net Income Attributable 5.6B 8.4B 9.3B 8.1B 6.8B
Minority Interest -52.7M -69.2M -84.9M -289.0M 223.0M
Eps Basic 1.17 1.76 1.96 1.71 1.47
Eps Diluted 1.16 1.76 1.96 1.71 1.47
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash And Equivalents 33.8B 43.9B 78.5B 56.3B 50.7B
Trading Financial Assets 17.4B 13.8B 153.0M 514.0M 1.4B
Accounts Receivable 21.7B 21.3B 20.8B 17.8B 17.5B
Notes Receivable -- -- -- -- --
Notes And Accounts Receivable 21.7B 21.3B 20.8B 17.8B 17.5B
Prepayments 1.4B 692.0M 242.0M 279.0M 607.0M
Inventory 47.0B 41.3B 41.1B 45.2B 36.3B
Total Current Assets 143.9B 141.8B 158.5B 137.9B 127.9B
Long Term Equity Investment 2.6B 2.3B 2.2B 1.8B 1.7B
Fixed Assets 13.4B 14.2B 13.4B 12.9B 11.4B
Fixed Assets Total 13.4B 14.2B 13.4B 12.9B 11.4B
Construction In Progress 798.0M 685.0M 988.0M 964.0M 1.4B
Construction In Progress Total 798.0M 685.0M 988.0M 964.0M 1.4B
Intangible Assets 6.0B 7.2B 7.7B 7.3B 8.1B
Long Term Deferred Expenses -- -- -- -- --
Total Non Current Assets 73.8B 65.5B 42.5B 43.1B 40.9B
Total Assets 217.7B 207.3B 201.0B 181.0B 168.8B
Short Term Borrowings 3.6B 7.0B 7.6B 10.0B 8.9B
Accounts Payable 18.8B 22.4B 18.9B 19.1B 21.7B
Advance Receipts -- -- -- -- --
Contract Liabilities 15.6B 12.9B 14.9B 17.7B 16.1B
Total Current Liabilities 82.0B 82.6B 83.0B 78.4B 78.7B
Long Term Borrowings 45.7B 44.1B 42.6B 35.1B 29.9B
Total Non Current Liabilities 60.1B 51.6B 49.6B 43.0B 36.8B
Total Liabilities 142.1B 134.2B 132.6B 121.4B 115.5B
Paid In Capital 4.8B 4.8B 4.8B 4.7B 4.7B
Capital Reserve 27.5B 27.5B 27.6B 25.9B 25.4B
Surplus Reserve 3.1B 3.1B 3.1B 3.0B 3.0B
Retained Earnings 42.5B 39.9B 34.7B 27.3B 20.7B
Minority Equity 216.0M 302.0M 323.0M 902.0M 1.8B
Equity Attributable 75.4B 72.8B 68.0B 58.6B 51.5B
Total Equity 75.6B 73.1B 68.3B 59.5B 53.3B
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash From Sales 147.4B 127.9B 128.3B 136.9B 121.0B
Tax Refunds Received 7.7B 5.3B 5.4B 7.5B 4.6B
Total Operating Cash Inflow 163.2B 139.8B 144.3B 150.5B 130.2B
Cash Paid For Goods 106.9B 75.7B 74.1B 96.5B 75.9B
Cash Paid To Employees 29.2B 28.9B 28.7B 26.2B 22.3B
Taxes Paid 7.6B 8.0B 8.7B 9.0B 6.7B
Total Operating Cash Outflow 159.3B 128.3B 126.9B 142.9B 114.5B
Operating Cash Flow 3.9B 11.5B 17.4B 7.6B 15.7B
Total Investing Cash Inflow 101.6B 83.0B 12.0B 14.7B 12.2B
Total Investing Cash Outflow 108.4B 111.7B 32.9B 16.0B 22.8B
Investing Cash Flow -6.9B -28.7B -20.9B -1.3B -10.6B
Cash From Borrowings 72.8B 190.2B 274.7B 148.9B 66.9B
Dividends And Interest Paid 4.4B 5.4B 4.8B 3.7B 2.6B
Debt Repayments 67.4B 190.5B 263.5B 143.5B 61.6B
Total Financing Cash Inflow 72.8B 190.6B 276.4B 149.1B 67.4B
Total Financing Cash Outflow 72.3B 196.4B 269.0B 147.7B 64.6B
Financing Cash Flow 530.0M -5.8B 7.4B 1.5B 2.8B
Net Change In Cash -2.5B -23.0B 3.9B 8.0B 7.7B
Ending Cash Balance 25.5B 28.0B 51.0B 47.1B 39.1B
Capex 3.9B 4.0B 4.0B 5.0B 5.7B
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