ZTE
ZTE Corporation, also known as ZTE (Chinese： 中兴通讯) (Zhong Xing Telecommunication Equipment Company Limited) is a publicly owned, Chinese business that designs and builds telecommunications equipment and systems.[8]
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 ZTE building in Hi-tech Zone of Nanshan District, Shenzhen, Guangdong | |
| Formerly | Zhongxing Telecommunication Equipment Corporation |
|---|---|
| Company type | Public; state-owned enterprise |
| SZSE: 000063 SEHK: 763 | |
| ISIN | |
| Industry | Telecommunications equipment Networking equipment |
| Founded | 1985 (as Zhongxing Semiconductor Co., Ltd.) |
| Founder | Hou Weigui (Chinese: 侯為貴; pinyin: Hóu Wéiguì) |
| Headquarters | 55 Hi-tech Road South Shenzhen, Guangdong, China 518057 |
Area served | Worldwide |
Key people | Li Zixue (Chairman and Executive Director)[1] Xu Ziyang (Executive Director and CEO)[2] |
| Products | Mobile phones, smartphones, tablet computers, hardware, software, all series of wireless, wireline, services, devices and professional telecommunications services and services to telecommunications service providers and enterprises[3] |
| Revenue |  CN¥122.95 billion / US $17.68 billion[4] (2022) |
| CN¥6.16 billion[5] (2022) | |
| CN¥8.08 billion[5] (2022) | |
| Total assets | CN¥180.95 billion[5] (2022) |
| Total equity | CN¥58.64 billion[6] (2022) |
| Owner | Zhongxingxin (20.29% in 2022); China Aerospace Science and Industry Corporation |
Number of employees | 74,811[5] (2022) |
| Subsidiaries | Nubia Technology (49.9%) ZTEsoft Zonergy |
| Website | www |
| Footnotes / references In consolidated financial statement;[7] shareholders' equity figure are excluding perpetual capital instrument | |
| ZTE Corporation | |||||||||||
| Simplified Chinese | 中兴通讯股份有限公司 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 中興通訊股份有限公司 | ||||||||||
| Literal meaning | China-Prosperity Communications Company Limited by Shares | ||||||||||
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| Alternative Chinese name | |||||||||||
| Simplified Chinese | 中兴通讯 | ||||||||||
| Traditional Chinese | 中興通訊 | ||||||||||
| Literal meaning | China-Prosperity Communications | ||||||||||
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| Second alternative Chinese name | |||||||||||
| Simplified Chinese | 中兴 | ||||||||||
| Traditional Chinese | 中興 | ||||||||||
| Literal meaning | China-Prosperity [or the word itself: resurgence] | ||||||||||
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The company is located in Shenzhen, and was started in 1985[8] ZTE offers a many telecommunications products that provide services, such as video on demand and streaming media to its customers,[9] which are mainly people that provide telecommunications services.[9]
In 1997, the company was listed on the Shenzhen Stock Exchange, and since December 2004 has been listed on the Hong Kong Stock Exchange. It is included in the Hang Seng China Enterprises Index.
ZTE has 13 of its own R&D centers in China, USA, Sweden and Korea.
More than 10% of ZTE's annual income goes to R&D. The company has partnerships with large international companies such as: Intel, Microsoft, IBM, Alcatel, Qualcomm, Analog Devices, Accenture, Texas Instruments, Freescale, Agere Systems and ADI.
References
change- ↑ "Li Zixue". www.zte.com.cn. Retrieved 13 October 2023.
- ↑ "Xu Ziyang". www.zte.com.cn. Retrieved 13 October 2023.
- ↑ "Company Introduction". www.zte.com.cn. Retrieved 13 October 2023.
- ↑ Tomás, Juan Pedro (10 March 2023). "ZTE's 2022 revenues up 7.4% year-on-year". RCR Wireless News. Retrieved 13 October 2023.
- ↑ 5.0 5.1 5.2 5.3 "ZTE - Annual Report 2022" (PDF). www.zte.com.cn. Retrieved 14 October 2023.
- ↑ "2023 Interim Result Announcement" (PDF). www.zte.com.cn. Retrieved 14 October 2023.
- ↑ Annual Report 2017 (PDF) (Report). ZTE. 26 March 2018. Archived from the original (PDF) on 9 April 2018. Retrieved 8 April 2018.
- ↑ 8.0 8.1 Snapshot of ZTE Corp. (0763:Stock Exchange of Hong Kong Limited) businessweek.com
- ↑ 9.0 9.1 ZTE Corp's Company Description businessweek.com