We count other people's money: ZTE's profit over the past year has exceeded a billion dollars

Thanks to Next Generation NetworksZTE Corp. reported that its net income for 2021 grew by almost 60% due to an increase in investments in 5G wireless communications and server technologies, amounting to $1.08 billion.Discuss

Chinese telecoms company reported net income of 6.81 billion yuan ($1.08 billion), compared with 4.26 billion yuan a year earlier, ZTE said.

At the same time, analysts expected ZTE's net profit in 2021 to be 7.06 billion yuan. The company attributes such profits to the strong development of new information infrastructure, including fifth-generation wireless networks (5G). a new generation that is capable of delivering up to 10 Gbps.

Source: Morning Star