ZTE posted revenue of RMB 54.01 billion (+13.1 percent) and net profit of RMB 2.29 billion (+29.8 percent) in the first six months of 2017, fuelled by growth in the mobile network and smartphone businesses.
ZTE said its R&D spending increased to RMB 6.68 billion in the first half, or 12.4 percent of revenue. ZTE’s R&D spending exceeded RMB 10 billion in the past 12 months, as ZTE focuses on innovations in 5G, IoT and cloud computing.
ZTE’s Carrier Networks division accounts for 59.9 percent of revenue.
The China based telecom equipment company has deployed over 60 Pre5G networks as well as 240 SDN and NFV networks globally.
ZTE achieved 41.7 percent growth in self-developed chip shipments in the first half of 2017. In the first half, ZTE’s Pre5G multi-mode software baseband chips were shipped to top international operators.
ZTE’s consumer division achieved growth in both operating revenue and gross profit. ZTE said its handset sales channels cover over 160 countries and regions. ZTE is ranked fourth in the US smartphone market and ranks among the top 5 in countries such as Australia, Germany, Canada and Spain. ZTE’s terminal STB shipment increased 15 percent in first-half, exceeding the annual shipments in 2016.
ZTE established its domestic Enterprise Business operations in 2017, which will focus on rail transit deployment, financing and government businesses. It will keep the first place in the domestic rail transit integrated communication market.
