ZTE continues its faltering recovery from the impact of US sanctions with rising revenues driven by Chinese government and enterprise business, as well as gains among some non-aligned countries, primarily in the global south. It has posted revenues for Q1 2025 of CNY 33 billion ($3.5 billion), just a few days before its larger Chinese rival Huawei’s results for the same period are due. But the company has run into a setback as rising costs eat into profits, which slipped by 10.6% year on year to CNY 2.4 billion ($252.4 million), dragged down by a fourfold leap in finance costs to CNY 340 million ($36 million). This reflects the company’s determination to sustain revenue growth at a time its core…