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ZTE

Source of articles:Shenzhen NTEK Testing Technology Co., Ltd. Publication time:2020-01-10 Popularity:688

ZTE Corporation (English: ZTE Corporation, full name: Zhongxing Telecommunication Equipment Corporation), referred to as ZTE. The world's leading integrated communications solutions provider, China's largest listed communications equipment company. The main products include: 2G / 3G / 4G / 5G wireless base stations and core networks, IMS, fixed network access and bearer, optical networks, chips, high-end routers, smart switches, government and enterprise networks, big data, cloud computing, data centers, Mobile phones and home terminals, smart cities, ICT services, and aviation, railway and urban rail transit signal transmission equipment.

ZTE is listed in Hong Kong and Shenzhen. In 2015, ZTE's operating revenue exceeded 100 billion yuan. On August 25, 2016, ZTE Corporation released its semi-annual financial report for 2016, showing outstanding performance in the group's overall operating income, net cash flow from operating activities, and net profit. In August 2016, ZTE ranked 150th in the "2016 Top 500 Chinese Enterprises". In November 2017, it ranked first in the "2017 Top 100 Innovative Enterprises in Mainland China".

On May 22, 2018, a source was quoted as saying that the United States would lift ZTE's sales ban and maintain its business in accordance with the agreement discussed. The source also said that ZTE will be required to make large-scale adjustments to management and the board of directors. On June 7, US Secretary of Commerce Rose announced a new settlement agreement with China's ZTE Corporation: a $ 1 billion fine was paid. In the first half of 2018, the number of invention patents granted was 1,028, ranking fifth in the country.

In the first half of 2018, ZTE's revenue in the first half of the year was 39.434 billion yuan, a year-on-year decrease of 26.99%. Net losses attributable to ordinary shareholders of listed companies reached 7.824 billion yuan, and net profit for the same period in 2017 was 2.293 billion yuan. On August 28, ZTE has resumed normal production capacity. On December 20, ZTE was elected as one of the top ten buzzwords for the 2018 economic category.

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