---
title: "ZTE's Q1 revenue increased by 7.82% year-on-year, while its net profit excluding non-recurring items decreased by 26.14% | Financial Report Insights"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/236971855.md"
description: "ZTE's Q1 revenue increased by 7.82% year-on-year, but profits were under pressure, with net profit attributable to shareholders and net profit excluding non-recurring items decreasing by 10.5% and 26.14% year-on-year, respectively. R&D expenses decreased by 6.7% year-on-year"
datetime: "2025-04-22T12:17:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/236971855.md)
  - [en](https://longbridge.com/en/news/236971855.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/236971855.md)
generator: "portal-rs"
---

# ZTE's Q1 revenue increased by 7.82% year-on-year, while its net profit excluding non-recurring items decreased by 26.14% | Financial Report Insights

ZTE continues to expand its sales scale, but profits are under pressure. In Q1 2025, revenue increased by 7.82% year-on-year, but net profit attributable to shareholders and net profit excluding non-recurring items decreased by 10.5% and 26.14% year-on-year, respectively.

On the 22nd, ZTE released its Q1 2025 report:

> -   **Revenue:** Q1 revenue was 32.97 billion yuan, a year-on-year increase of 7.8%;
> -   **Net Profit:** Q1 net profit attributable to shareholders was 2.45 billion yuan, a year-on-year decline of 10.5%;
> -   **Net Profit Excluding Non-recurring Items:** Q1 net profit excluding non-recurring items was 1.96 billion yuan, a year-on-year decline of 26.1%;
> -   **Basic Earnings Per Share:** Q1 was 0.51 yuan/share, a year-on-year decline of 10.53%;
> -   **Cash Flow:** Q1 net cash flow from operating activities was 1.85 billion yuan, a year-on-year decrease of 38%.

## Steady Revenue Growth but Significant Profit Decline

ZTE continues to expand its sales scale, but profits are under pressure. In Q1 2025, revenue increased by 7.82% year-on-year to 32.97 billion yuan, but net profit attributable to shareholders decreased by 10.5% year-on-year, and net profit excluding non-recurring items fell by 26.14% year-on-year.

The company's financial expenses decreased significantly by 432.98% year-on-year, mainly due to increased net interest income and foreign exchange gains from currency fluctuations.

In terms of the balance sheet, the company's non-current liabilities due within one year reached 11.47 billion yuan, a year-on-year increase of 105.07%, mainly due to an increase in long-term borrowings due within one year. The company also issued new medium-term notes, resulting in a year-on-year increase of 100.27% in the balance of bonds payable, reaching 2.01 billion yuan.

ZTE has always regarded technological innovation as its core competitiveness. In Q1 2025, the company's R&D expenses were 5.95 billion yuan, a decrease of 6.7% compared to 6.38 billion yuan in the same period last year, but the proportion of R&D investment to revenue remained at a relatively high level of around 18%.

The net cash flow from operating activities was 1.85 billion yuan, a year-on-year decrease of 37.93%, mainly due to an increase in cash paid for purchasing goods and receiving services. In contrast, the net cash flow from investing activities was -1.38 billion yuan, a significant improvement of 90.81% compared to -15.06 billion yuan in the same period last year, mainly due to a reduction in net outflow from investments

### Related Stocks

- [000063.CN](https://longbridge.com/en/quote/000063.CN.md)
- [00763.HK](https://longbridge.com/en/quote/00763.HK.md)

## Related News & Research

- [ZTE opens Global Summit & User Congress 2026 in Kuala Lumpur alongside GSMA M360 ASEAN](https://longbridge.com/en/news/298654667.md)
- [ZTE, Uruguay telecom Antel validate Latin America’s first symmetric 50G PON technology](https://longbridge.com/en/news/298687012.md)
- [ZTE opens Global Summit & User Congress 2026 in Kuala Lumpur](https://longbridge.com/en/news/298314566.md)
- [ZTE partners with Uruguay’s Antel to validate symmetric 50G PON technology in Latin America](https://longbridge.com/en/news/298524624.md)
- [ZTE hosts Global Intelligent Computing Ecosystem Congress in Malaysia](https://longbridge.com/en/news/298521653.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**