ZTE signs 25 5G contracts in H1

In the first half of the year, ZTE has signed 25 5G commercial contracts worldwide, covering China, Europe, Asia-Pacific, Middle East, and other major 5G markets.

Moreover, ZTE has cooperated with more than 60 operators worldwide and been fully involved in the large-scale 5G network deployments in China.

The company has reported an operating revenue of RMB 44.61 billion, representing an increase of 13.1% compared with the same period last year, and net profit amounted to RMB 1.47 billion, representing an increase of 118.8%, compared with the same period last year.

It was estimated that net profit attributable to holders of ordinary shares of the listed company will be from RMB 3.8 billion to RMB 4.6 billion for the nine months ended 30 September 2019.

The research and development costs for the six months ended 30 June 2019 amounted to RMB 6.47 billion, accounting for 14.5% of the operating revenue, with the percentage being increased by 1.7 percentage points, compared to 12.8% for the same period last year.

Committed to building its core competitiveness in independent innovation in the 5G era, ZTE has been focusing on basic operating systems, distributed databases, core chipsets and other fields. The new-generation 5G wireless system chipsets and transport switching network chipset have entered the stage of product introduction. The company has completed the design and mass production of the 7 nm chipsets, and embarked on the R&D of the 5 nm chipsets.

Meanwhile, ZTE will collaborate closely with partners on the R&D of new technologies to accelerate the chipset R&D progress in the fields of leading process techniques, advanced packaging, core IP, new material applications and etc.

By June 30, 2019, ZTE had applied more than 74,000 patents with over 36,000 global patents granted and over 3,700 5G patents. ZTE is a major participant and contributor to global 5G technology research and standard development.

In the first half of the year, the company has signed 25 5G commercial contracts worldwide, covering China, Europe, Asia-Pacific, Middle East, and other major 5G markets. Moreover, ZTE has cooperated with more than 60 operators worldwide and been fully involved in the large-scale 5G network deployments in China.

During the reporting period, ZTE has constantly focused on the main channel of operators, further strengthening its core competitiveness in 5G wireless, core network, transport, chipsets and other technologies.

In the field of wireless products, ZTE’s 5G end-to-end commercial products and solutions as well as the full series of NR products have achieved all-band, all-scenario coverage. Moreover, ZTE has five years of commercial practice experience in Massive MIMO, one of the key 5G technologies. ZTE’s 5G NSA & SA dual-mode base stations fully support the flexible selection and the smooth evolution of operators’ network architecture. Furthermore, its Common Core realizes 2/3/4/5G/fixed full access and full integration while supporting both SA and NSA, saving 40% of the investment for the operators.

In the Wireline Networks, ZTE’s 5G transport end-to-end products have completed more than 30 commercial trials and existing network tests. ZTE’s three-in-one chipset has achieved the lowest latency in the industry. Moreover, ZTE’s beyond 100G OTN takes the lead in terms of network performance while its 200G OTN has been commercialised on a large scale, and its single-carrier 400G OTN has set a new record of the furthest transmission distance.

In the field of consumer business, ZTE has been in cooperation with more than 20 operators worldwide in 5G terminal arena and developed serialized and diversified 5G terminal product lines. In the first half of 2019, ZTE Axon 10 Pro 5G was launched in various countries. It is sold in China, Finland and the United Arab Emirates as the first commercial 5G samrtphone in China, North Europe and the Middle East.

ZTE 5G Indoor Router MC801 has been granted Network Access License by Ministry of Industry and Information Technology and this product has been put into commercial use in Chinese market in August.

 

 

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