ZTE released its third quarter earnings report. From July to September 2016, ZTE's total revenue was approximately 23.807 billion yuan, up 5.23% year-on-year; the net profit attributable to ordinary shareholders of listed companies was approximately 1.092 billion yuan, up 10.51% year-on-year; attributable to common shares of listed companies The net profit of shareholders minus non-recurring gains and losses was about 480 million yuan, a year-on-year loss of 31.74%. As of September 30, ZTE's total assets were approximately 132.668 billion yuan, an increase of 9.74% compared with the end of the previous year; the owner's equity attributable to ordinary shareholders of listed companies was approximately 31.682 billion yuan, an increase of 6.82% compared with the end of the previous year. From January to September 2016, ZTE's operating income was approximately RMB 71.654 billion, a year-on-year increase of 4.44%, mainly due to the year-on-year growth of domestic and international 4G system products and optical transmission products, domestic mobile phone products and home terminal products. The net profit attributable to ordinary shareholders of listed companies was 2.859 billion yuan, an increase of 9.78% year-on-year; the basic earnings per share was 0.69 yuan. In addition, ZTE also announced an announcement regarding the participation in the establishment of the Guangxing Yunhe Equity Investment Industrial Fund (Limited Partnership). According to the announcement, in order to promote the development of ZTE's government-enterprise-related business and solve the funding needs of project investment and financing, Zhongxing Xingyun Industrial Investment Management, a holding subsidiary of ZTE Corporation's financial holding (Hangzhou) Co., Ltd., a wholly-owned subsidiary of ZTE Corporation (Hangzhou) ) Co., Ltd. intends to jointly establish Guangxing Yunhe Equity Investment Industrial Fund (Limited Partnership) with Guangfa Hexin Industrial Investment Management Co., Ltd. as a general partner. The fund size is RMB 5.01 billion, and ZTE Financial Control is intended to be a post-feritary level. The limited partner invested 400 million yuan to participate in the subscription of the industry fund.
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