ZTE Corporation released the first quarter report of 2020.

The report shows that from January to March 2020, ZTE achieved operating income of 21.484 billion yuan; the net profit attributable to shareholders of common stock of listed companies is 780 million yuan; The profit was 160 million yuan, a year-on-year increase of 20.5%; the basic earnings per share was 0.18 yuan.

The financial report shows that ZTE’s R&D investment in the first quarter of 2020 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.