In the evening news of October 25, ZTE announced its third quarter report of 2018, with operating revenue of 58.766 billion yuan in the first three quarters, a 23.26% drop compared with the same period last year, and a net loss of 7.26 billion yuan.
As for the main reasons for the significant decline in performance from January to December 2018 compared with the same period of the previous year, the report points out: 1. A $1 billion fine stated in the "Notice on the Progress and Re-licensing of Important Matters" issued by the company on June 12, 2018; 2. The "Progress Notice on Important Matters" issued by the company on May 9, 2018. As a result of the company's main business activities can not be carried out resulting in business losses, advance losses.
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