ZTE experiences revenues of $17.27 billion in 2023


ZTE just lately launched a set of 5G-Superior merchandise at MWC 2024

Chinese language vendor ZTE stated it has recorded an working income of CNY 124.2 billion ($17.27 billion) throughout 2023.

In a launch, the corporate stated its web revenue amounted to CNY 9.33 billion final 12 months, representing a rise of 15.4% year-on-year. In 2023, the corporate’s web money flows from working actions reached CNY 17.41 billion, a year-over-year enhance of 129.7%.

“In 2023, amidst a difficult exterior panorama, ZTE demonstrated precision and pragmatism, sustaining regular operations. With an funding of CNY 25.29 billion into R&D in 2023, protecting 20.4% of the working income, ZTE drove its enterprise innovation initiatives, paving the best way for sustainable development,” the seller stated.

In 2023, ZTE’s home market reached an working income of CNY 86.48 billion, representing 69.6% of the overall income. In the meantime, the worldwide market achieved working income of CNY37.77 billion, accounting for 30.4% of the overall.

The seller’s operator community, authorities and enterprise enterprise, and shopper enterprise achieved working revenues of CNY 82.76 billion, CNY 13.58 billion and CNY 27.91 billion, accounting for 66.6%, 10.9%, and 22.5% respectively.

“The corporate’s shipments of 5G base stations and 5G core networks persistently ranked second globally for 4 consecutive years. Its RAN and 5G core community merchandise had been acknowledged as trade leaders, whereas its optical entry product, 10G PON, held the second-largest international market share,” ZTE stated.

“Concurrently, ZTE repeatedly developed progressive applied sciences and options, corresponding to 5G-A, all-optical networks, and 5G new functions. Collaborating with operators, ZTE carried out industrial deployments and verifications in varied eventualities, together with 10Gbps experiences, industrial area networks, communication-sensing-computing integration, and RedCap,” the Chinese language vendor added.

Throughout MWC 2024, which happened in Barcelona final week, ZTE introduced 5G-Superior (5G-A) plans and launched a variety of merchandise. ZTE unveiled 10 5G-A merchandise together with UBR and FDD huge MIMO merchandise,  mmWave merchandise and non-terrestrial networks (NTN) floor base station to increase 5G-A eventualities, and the a collection of merchandise with built-in communication and computing for wealthy B2C, B2B functions.


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