https://www.lightreading.com/finance/zte-profit-drops-as-higher-costs-outweigh-rise-in-revenue
Net income was held down by higher operating costs, with spending on labor and materials 22% higher at RMB21.7 billion ($2.98 billion). Profit was also squeezed by much higher finance charges – up fivefold to RMB340 million ($46.7 million).