ZTE (HK:0763) has released an update.
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ZTE Corporation reported a slight increase in operating revenue for the first nine months of 2024, reaching RMB 90.04 billion, despite a minor decline in the third quarter. The company’s net profit attributable to shareholders also saw a modest rise of 0.83% year-on-year. However, ZTE faced significant challenges with a notable 63.02% drop in net cash flows from operating activities during the third quarter.
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