ZTE operating revenue for 2019 has reached RMB 90.74 billion, representing a year-on-year increase of 6.1%.
The operating revenue from operators’ networks reached RMB 66.58 billion, a year-on-year increase of 16.7%. Net profit attributable to holders of ordinary shares of the listed company amounted to RMB 5.15 billion, a year-on-year growth of 173.7%.
For the twelve months ended 31 December 2019, ZTE’s research and development costs amounted to RMB12.55 billion, which was 13.8% as a percentage of operating revenue, increased by 1 percentage point compared to 12.8% in 2018. ZTE has submitted over 7,000 5GNR/5GC proposals to international standardization organizations.
ZTE has obtained 46 5G commercial contracts globally and established cooperation with over 70 operators worldwide. In China, ZTE has helped operators build the world’s largest multi-mode hybrid-architecture network and the world’s largest RAN sharing network. The company has also cooperated with top operators overseas to build 5G commercial networks in Spain, Austria, Italy and other countries, and continued to promote global 5G deployments. Till date, ZTE’s cloud core network has been deployed in over 550 NFV commercial/PoC projects worldwide.
In the government and enterprise business, ZTE has seized the opportunities of digital transformation and made intensive efforts in energy, transportation, government affairs, finance and other key markets.
ZTE took the lead to launch Axon 10 Pro 5G, which is the first 5G smartphone commercially available in China, Northern Europe and Middle East. ZTE continuously strengthens its 5G terminal devices cooperation with more than 30 operators worldwide.
ZTE will unveil nearly 10 5G smartphones worldwide, and a total of over 15 5G terminal devices in 2020, covering smartphones, mobile broadband products, and IoT terminal products. Moreover, the company has maintained a global leading position in the home network terminal industry for a long time, with the world’s largest market share of CPE.