ZTE

From Simple English Wikipedia, the free encyclopedia
For other uses, see ZTE (disambiguation).

ZTE Corporation
FormerlyZhongxing Telecommunication Equipment Corporation
Company typePublic; state-owned enterprise
Template:Szse
Template:Sehk
ISIN
IndustryTelecommunications equipment
Networking equipment
Founded1985; 39 years ago (1985) (as Zhongxing Semiconductor Co., Ltd.)
FounderHou Weigui [zh] (Chinese: 侯為貴; pinyin: Hóu Wéiguì)
Headquarters55 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]
ProductsMobile 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]
RevenueIncrease CN¥122.95 billion / US $17.68 billion[4] (2022)
Increase CN¥6.16  billion[5] (2022)
Increase CN¥8.08 billion[5] (2022)
Total assetsIncrease CN¥180.95 billion[5] (2022)
Total equityIncrease CN¥58.64 billion[6] (2022)
OwnerZhongxingxin (20.29% in 2022); China Aerospace Science and Industry Corporation
Number of employees
74,811[5] (2022)
SubsidiariesNubia Technology (49.9%)
ZTEsoft
Zonergy
Websitewww.zte.com.cn
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 meaningChina-Prosperity Communications Company Limited by Shares
Alternative Chinese name
Simplified Chinese中兴通讯
Traditional Chinese中興通訊
Literal meaningChina-Prosperity Communications
Second alternative Chinese name
Simplified Chinese中兴
Traditional Chinese中興
Literal meaningChina-Prosperity [or the word itself: resurgence]

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]

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 | change source]

  1. ↑ "Li Zixue". www.zte.com.cn. Retrieved 13 October 2023.
  2. ↑ "Xu Ziyang". www.zte.com.cn. Retrieved 13 October 2023.
  3. ↑ "Company Introduction". www.zte.com.cn. Retrieved 13 October 2023.
  4. ↑ Tomás, Juan Pedro (10 March 2023). "ZTE's 2022 revenues up 7.4% year-on-year". RCR Wireless News. Retrieved 13 October 2023.
  5. ↑ 5.0 5.1 5.2 5.3 "ZTE - Annual Report 2022" (PDF). www.zte.com.cn. Retrieved 14 October 2023.
  6. ↑ "2023 Interim Result Announcement" (PDF). www.zte.com.cn. Retrieved 14 October 2023.
  7. ↑ Annual Report 2017 (PDF) (Report). ZTE. 26 March 2018. Archived from the original (PDF) on 9 April 2018. Retrieved 8 April 2018.
  8. ↑ 8.0 8.1 Snapshot of ZTE Corp. (0763:Stock Exchange of Hong Kong Limited) businessweek.com
  9. ↑ 9.0 9.1 ZTE Corp's Company Description businessweek.com
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