Zheng Quan Ri Bao·2025-11-13 13:39Core Viewpoint - ZTE Corporation reported a revenue of 100.52 billion yuan for the first three quarters of 2025, with cash received from sales and services amounting to 106.25 billion yuan, highlighting a discrepancy between cash received (including tax) and revenue (excluding tax) due to differences in accounting methods [2]. Financial Performance - The company's operating revenue for the first three quarters of 2025 is 100.52 billion yuan [2]. - Cash received from sales and services is reported at 106.25 billion yuan [2]. - The difference in figures is attributed to the cash amount being inclusive of tax, while the revenue figure is exclusive of tax [2]. - The cash received is based on the cash basis of accounting, whereas the revenue is based on the accrual basis of accounting, leading to timing differences [2].