Today’s ZTE FY2019 operating revenue report announced showing 90.74 billion yuan revenue. ZTE said that from 2020, the company will officially enter the strategic development period, with the goal of “realizing quality growth.”
ZTE FY2019 Operating Revenue Report
The report shows that from January to December 2019, ZTE achieved operating income of 90.74 billion yuan (Approx. 12.79 billion USD), an increase of 6.1% year-on-year, of which the operator’s network operating income was 66.58 billion yuan (9.38 billion USD), an increase of 16.7% year-on-year; Profit was 5.15 billion yuan (0.73 billion USD), a year-on-year increase of 173.7%; basic earnings per share were 1.22 yuan.
ZTE strengthened its cash flow and sales collection management. The net cash flow from operating activities in 2019 was 7.45 billion yuan (1.05 billion USD), an increase of 180.8% over the previous year. The company continued to strengthen 5G R&D and investment. The annual R&D investment reached 12.55 billion yuan (1.77 billion USD), accounting for 13.8% of operating income, an increase of 1 percentage point from 12.8% in 2018.
In 2019, ZTE adheres to a stable and pragmatic business strategy and sustainable development concept, continuously focuses on the main channel of the business, and actively participates in the network construction and technological evolution of 4G, 5G, and optical communications of global operators. In standard patents, key technologies, and product solutions. The core competitive advantages have been established at multiple levels, while adhering to compliant operations, strengthening internal governance, realizing the steady development of the overall operation, and consolidating the healthy operation of the enterprise.
ZTE took the lead in releasing and commercializing the first 5G mobile phone ZTE Axon 10 Pro 5G version in China, Northern Europe and the Middle East, and continued to strengthen cooperation with 5G terminals of more than 30 operators worldwide.
In 2020, ZTE will release nearly 10 5G mobile phones worldwide (already started with ZTE Axon 11 5G), launch a total of more than 15 5G terminal products, and build a series of multi-modal 5G terminal product queues covering mobile phones, mobile broadband products and IoT terminal products to meet operations Business, enterprise users, and consumers. ZTE’s home information terminals have long maintained a global leading position in the industry, and the market share of fixed network terminals is the highest in the world.