ZTE Corporation published its Annual Report 2022, revealing a full-year operational revenue of RMB 122.95 billion in 2022, up 7.4% from the previous year.
ZTE Revenue and Profit
2022 Marked the Start of the Company’s Expansion Phase
During the year, the company solidified its position with innovative initiatives while maintaining steady operations. With the business philosophy of maintaining quality growth, during the period, ZTE seized the trend towards global digitalization and decarbonization development, strengthened its DICT’s full-stack and full-domain R&D investment and innovation, and continuously improved the competitiveness of ZTE’s key technologies and products.
In terms of R&D, the manufacturer also invested RMB 21.60 billion in 2022, covering 17.6% of the revenue. At the same time, ZTE continues to deepen digital and intelligent transformation, improve organizational flexibility, elasticity, and resilience, and ensure the orderly, efficient, and healthy development of all businesses.
However, operational revenue in both domestic and foreign markets increased year on year, as did operating revenue in the company’s three core sectors, which include carrier networks, government and corporate business, and consumer business.
For carriers’ networks, in 2022, the manufacturer gained an annual operating revenue of RMB 80.04 billion, a YOY increase of 5.7%. During the period, the brand continued to increase the global market share of key products such as wireless networks and wired networks.
According to the latest report, ZTE’s 2022 annual shipments of 5G base stations, 5G core networks, and 200G coherent ports all ranked second in the world, and the revenue of POL OLT increased to second globally.
For government and corporate businesses, the brand achieved an operating revenue of RMB 14.63 billion, a year-on-year growth of 11.8%. ZTE’s core products such as server and storage, GoldenDB distributed databases, and cloud computers, have achieved rapid growth in the number of top customers across industries including finance and the Internet.
In terms of consumer business, the company generated operating revenue of RMB 28.28 billion, a year-on-year increase of 9.9% during the period. The Company has gradually integrated mobile phones, mobile Internet products, home information terminals, and ecological capabilities to provide individuals and families with a rich selection of smart products.
In the Philippines, 2023 will see the company promoting innovative ICT technologies. ZTE Philippines will continue to be the industry’s solid partner in driving the digital economy, with innovative initiatives and new solutions and products.
For more information, visit the official ZTE website.
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