ZTE Posts Q1 Revenue of US$3.41 Billion, up 4% YoY

ZTE posted Q1 2016 revenue of RMB21.859 billion (US$3.41 billion), representing a 4.09% increase year on year. Net profit amounted to RMB950 million, representing a 15.97% increase from the same period last year.

ZTE noted that it invested 13.96% of revenue in R&D in Q1.

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