ZTE turned profitable last year and plans to buy back no more than 1% of A shares

ZTE turned profitable last year and plans to buy back no more than 1% of A shares
On March 27, ZTE Corporation announced its 2019 annual results.The financial report shows that ZTE reported integration of revenue to achieve 907.37 trillion yuan, an annual increase of 6.11%; net profit attributable to shareholders of listed companies is 51.48 trillion yuan, an annual increase of 173.71% in 2018 is expected to be 69.8.3 billion.However, not necessarily non-recurring income, ZTE’s net profit is only 4.84.7 billion, mainly because the company “transferred” the Shenzhen Bay project last year.In July last year, ZTE released an announcement saying that the Shenzhen Shenzhen Super Headquarters Base and Vanke’s supplementary cooperation agreement are expected to bring pre-tax profits of 3 billion to 3.3 billion after the cooperation is reached, of which pre-tax profits of about 2.6 billion to 29 are confirmed in 2019100 million yuan.In addition, the investment income of ZTE last year was 2.49.4 billion, an increase of 1067 in ten years.03%, mainly due to the increase in income from the disposal of the equity of listed companies held by the fund partnership of ZTE Ventures in the current period.ZTE Corporation announced that the company plans to distribute RMB 2 in cash (including tax) for every 10 shares to all shareholders.In addition, ZTE plans to repurchase A shares. The number of repurchased shares is within the authorized limit of 1% of the company ‘s issued A shares. It will be used for employee stock ownership plans or equity incentives or conversion of convertible bonds issued by the company.The financial report shows that ZTE’s domestic business achieved revenue of 582 last year.17 trillion yuan, an increase of 6 from the same period last year.93%; International business realized operating income of 325.RMB 19.6 billion, an increase of 4 from the same period last year.67%.ZTE said that last year’s revenue increased compared with the same period in 2018, mainly due to the increase in network operating revenue of operators over the same period of last year.By business, ZTE ‘s operator network revenue reached 665 last year.$ 8.5 billion, an annual increase of 16.66%, mainly due to the increase in domestic and foreign FDD system equipment, domestic and foreign 5G system equipment operating income increased; government business revenue 91.5.5 billion, down by 0 every year.79%; consumer business revenue 149.9.7 billion yuan, down 21 every year.93%.Sauna, Ye Wang Lu Yifu Editor Zhao Ze proofreading Li Shihui