Home Business ZTE Corporation achieved revenue of 83.83 billion yuan in the first three quarters and net profit of 5.85 billion yuan

ZTE Corporation achieved revenue of 83.83 billion yuan in the first three quarters and net profit of 5.85 billion yuan

by news dir


Original title: ZTE achieved revenue of 83.83 billion yuan in the first three quarters and net profit of 5.85 billion yuan

The content of the report shows that from January to September 2021, ZTE achieved operating income of 83.83 billion yuan, a year-on-year increase of 13.1%; net profit attributable to common shareholders of listed companies was 5.85 billion yuan, a year-on-year increase of 115.8%; common stocks attributable to listed companies The shareholders’ net profit after deducting non-recurring gains and losses was 3.34 billion yuan, a year-on-year increase of 130.9%; basic earnings per share were 1.26 yuan.

From July to September of 2021, the company achieved operating income of 30.75 billion yuan in a single quarter, the highest in the past three years, a year-on-year increase of 14.2%, and a month-on-month increase of 14.6%. Among them, the operator’s network operating revenue increased by about 25% from the previous month. From July to September of 2021, the company’s single-quarter net profit attributable to ordinary shareholders of listed companies was 1.77 billion yuan, an increase of 107.6% over the same period last year, and net profit attributable to ordinary shareholders of listed companies was 1.23 billion yuan after deducting non-recurring gains and losses. , An increase of 125.4% year-on-year.

ZTE Corporation is committed to continuously optimizing its cost structure and its gross profit margin continues to improve. From January to September 2021, the company’s gross profit margin increased by 4.7 percentage points year-on-year to 36.8%; among them, from July to September 2021, the company’s single-quarter gross profit margin reached 38.0%.

ZTE continued to strengthen its cash flow management. From January to September 2021, the company’s net cash flow from operating activities was 11.17 billion yuan, a year-on-year increase of 188.7%, a record high.

ZTE adheres to R&D investment, continuously strengthens its core competitiveness, and promotes market share. In the first three quarters of 2021, the company’s R&D investment reached 14.17 billion yuan, accounting for 16.9% of operating income.

In the first three quarters of 2021, ZTE Corporation will practice its own positioning as a “digital economy road builder”, seize the opportunity of digital intelligence transformation, participate in the domestic 5G scale construction, continue to optimize the overseas mainstream products and mainstream market structure, and at the same time through active innovation , Continue to exert efforts in government and enterprise affairs, consumer business and new businesses represented by automotive electronics, continue to export its own atomic capabilities, and provide customers with complete cloud, network, and terminal products and solutions, from CT to ICT The overall transformation of the enterprise. In the first three quarters, the company’s two major domestic and international markets, and the three major businesses (operator network, government and corporate affairs, and consumer business) maintained a good growth momentum.

In terms of operator networks, in the domestic market, the company will strive to transform from a mainstream supplier to a core supplier, and continue to improve its capabilities in terms of product innovation, agile R&D, and efficient delivery. Among the operator-scale centralized procurement projects announced in the second half of the year, ZTE’s high-end routers, high-end switches, servers and storage products have made good progress, and the market share of key products such as 5G wireless, core network, and bearer continues to increase. Overseas markets, with the help of 4G modernization, 5G new construction, optical fiber transformation of fixed networks, bearer network upgrades, and home broadband product upgrades, continue to optimize the layout of superior products and achieve healthy operations.

In terms of government and corporate affairs, ZTE continues to increase its investment in marketing, channels, and programs. Through its “one base and two wings” digital capabilities, it works with customers and industry partners to empower thousands of industries. In the first three quarters of 2021, ZTE’s server and storage products doubled its operating revenue year-on-year, and it has entered the leading companies in the finance, Internet, energy and other industries. The commercial bank’s core system has been in stable commercial operation for more than three years, and expanded to other industries.

In terms of consumer business, ZTE continues to make efforts in terms of brand, products, channels, etc., with a comprehensive layout of serialized and multi-form 5G terminals, and continues to promote the landing of innovative 5G applications for individuals, households, and industries. In the first three quarters of 2021, the revenue of mobile phones and home information terminals maintained rapid year-on-year growth. Among them, mobile phone revenue increased by about 40% year-on-year, and household information terminal revenue increased by about 90% year-on-year. The world premiere of a new generation of under-screen camera phone Axon 30, leading the update and iteration of under-screen camera technology; the flagship Axon 30 Ultra with three main cameras and four-array imaging, the first to launch fusion computing photography. The sales of 5G mobile internet products have broken through 30 countries and regions. In addition, with deep technological precipitation and innovation capabilities, the company’s terminals have also continuously made breakthroughs in cutting-edge technologies such as 5G radio frequency, terminal human-computer interaction, computational photography, V2X cloud control platform, and further promote the terminal “1+2+N” ecosystem The realization.

ZTE is actively exploring new markets and new opportunities, and exploring new paths for the company’s growth in the next strategic period by deploying innovative businesses such as automotive electronics and enterprise digitalization. The company positions the automotive electronics business as a provider of basic capabilities and core components of digital vehicles, and a provider of intelligent networked products and solutions. It is committed to providing customers with basic software and hardware platforms, chips, and vehicle-road collaborative intelligent networked products related to automotive electronics. Wait. At present, it has reached strategic cooperation with FAW, SAIC and other auto companies.

At the same time, based on digital transformation, ZTE has built the ultimate cloud company to deepen cloudification, intelligence, and weight reduction in R&D, operations, office, production and other fields, and continue to improve internal operating efficiency. Through its own digital practice, ZTE has formed a series of component-based digital product and service solutions, which are composed of cloud network bases, data platforms, unified collaborative portals, digital office, digital production, digital security and other sub-programs. The building-block business component library empowers all areas of enterprise operations.

While advancing the development of various businesses, ZTE Corporation regards the green and low-carbon strategy as one of the core development strategies for sustainable development, and is committed to laying the “digital economic tree-lined road” with technological innovation. On the one hand, it helps operators to build a green and low-carbon digital base to achieve energy conservation and emission reduction in the ICT industry itself. At the same time, it faces the industry and uses digital innovation for green empowerment to improve energy efficiency and reduce energy waste. It will also adhere to green Operation, through green office, production and circular economy, realize its own low-carbon development, and contribute to the improvement of the social environment.

Looking to the future, ZTE will continue to practice the development concept of consolidating new and quality growth. While maintaining the steady growth of its core business, it will continue to innovate and expand its business boundaries, firmly promote digital transformation, and achieve comprehensive operational efficiency and organizational resilience. promote. The company will also adhere to openness and win-win, relying on its profound product technology and platform capabilities in the field of connectivity and computing power, and together with industry chain partners, to promote the development of the industry and the digital economy.


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