ZTE has been committed to strengthening its end-to-end R&D investment and innovations. In the first half of 2022, the company’s R&D spending reached RMB 10.15 billion, accounting for 17.0% of its total operating revenue.
From January to June of 2022, ZTE’s operating revenue in both domestic and international markets and its three major businesses (carriers’ networks, government and enterprise, and consumer business) all achieved double-digit increase year on year. For the domestic market, the operating revenue reached RMB 40.60 billion, a year-on-year increase of 12.9%, accounting for 67.9% of the total operating revenue, while for the international market, the operating revenue amounted to RMB 19.22 billion, a year-on-year increase of 12.3%, covering 32.1% of the total operating revenue.
In terms of carriers’ networks, ZTE achieved an operating revenue of RMB 38.72 billion yuan, an increase of 10.5%, compared with a year earlier. In the operators’ traditional network market, ZTE proactively participated in the global 5G constructions including 5G network, Gigabit fiber network and 5G transport network, and continuously strengthened the competitiveness of its products and solutions, building excellent cost-effective networks for its customers and optimizing the market structure accordingly.
To date, ZTE has entered into 5G cooperation with over 110 operators across the globe, covering major markets including Europe, Asia Pacific and the Middle East. Meanwhile, the company has actively seized the opportunity of domestic operators’ cloud-network transformation, and deeply integrated its own capabilities with their requirements while providing its well-matched products and solutions. ZTE has secured the domestic operators’ centralized procurements for multiple years.