ZTE reported operating revenue of RMB 71,564 million for the third quarter ending September 30, 2016, representing year-on-year growth of 4.44 percent.
The growth is attributed chiefly to the operating revenue from 4G system products and optical transmission products in the domestic and international markets, as well as handset products and family terminal products in the domestic market.
ZTE’s net profit RMB 2,859 million (+9.78 percent).
For the international market, the company aims to increase its competitiveness through technology and product innovation, helping customers to meet business demands and promote market value.
Based on this, the company insists on implementing independent research and development (R&D) strategies and continues to significantly increase investments in R&D.
The company has invested RMB 9,888 million in R&D in the first three quarters.
With its innovation in 5G technologies including the MIMO base station, ZTE has achieved a leadership position in 5G wireless network segment.
The company’s chip shipments doubled compared with the same period last year, achieving a record high. It is expected that core wireless solutions encompassing 5G baseband and medium frequency (MF) chips will achieve strong momentum in future.
Shipments of mobile terminal chips accounted for 80 percent in overseas markets. There has been a rapid development in IoT chips and ZTE was the first company to support all bands of prototype chips in China and to conduct an IoT test at China Mobile, which has helped to gradually establish a strong industry ecosystem.
In wired network business, ZTE’s next-generation passive optical networks (PON) market share, the overall growth of fixed-line market access and digital subscriber line (DSL) market share growth all ranked first in the world and ranked second in optical network market share globally.
In the consumer segment, ZTE’s newly launched flagship smartphone series has benefitted from a focus on premium and enhanced quality. The company’s experience in key overseas markets and an increase in brand awareness, along with quarterly improvement in overall sales from the mobile devices business unit.
Looking towards the future, the company foresees that its system equipment and smartphone businesses will experience steady growth.
ZTE will take the M-ICT 2.0 strategy forward and increase its core competitiveness in areas such as 5G, chips and voice. In addition, it will focus on its premium smartphones by enhancing quality, developing channels and looking for new breakthroughs.
