ZTE released its first quarter report for 2020.

The report shows that from January to March 2020, ZTE achieved operating income of 21.484 billion yuan; net profit attributable to common shareholders of listed companies was 780 million yuan; net profit attributable to common shareholders of listed companies after deducting non-recurring gains and losses Profit was 160 million yuan, an increase of 20.5% year-on-year; basic earnings per share were 0.18 yuan.

The financial report shows that in the first quarter of 2020, ZTE's R&D investment reached 3.241 billion yuan, accounting for 15.1% of operating income, an increase of 1.2 percentage points from the same period last year.