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ZTE eyes slice of 5G boom - Mobile World Live

ZTE eyes slice of 5G boom - Mobile World Live 17 MAR 2021 ZTE chairman Li Zixue detailed plans to increase investment in core technologies including algorithm and network architecture to help grab a share of a 5G market he tipped for mainstream success over the next five years. In the Chinese vendor’s 2020 earnings statement, the chairman said 5G would drive “a new boom for the communications industry”. ZTE will invest to maintain its edge and provide end-to-end services enabling operators “to build highly competitive premium 5G networks”. Net profit fell 17.3 per cent year-on-year to CNY4.26 billion ($655.2 million), attributed to a one-off gain booked in 2019. Revenue was 11.8 per cent higher at CNY101.5 billion, with deployment of standalone (SA) 5G networks in more than 240 cities in China driving a 39.3 per cent rise in domestic sales to CNY68.1 billion.

China
Chinese
Li-zixue
சீனா
சீன

ZTE profit drops despite double-digit revenue growth

ZTE profit drops despite double-digit revenue growth
mobileworldlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mobileworldlive.com Daily Mail and Mail on Sunday newspapers.

China
Li-zixue
சீனா

China 5G powers ZTE to strong result

News Analysis Robert Clark 1/25/2021 China s accelerated 5G rollout has propelled ZTE to its best result in years. The Chinese vendor has announced a preliminary full-year profit of 4.37 billion yuan (US$674.6 million) on 11.7% higher sales of 101.4 billion yuan ($15.6 billion). It powered home in the last quarter with a 62% spike in income to 1.66 billion yuan. Full-year earnings fell 15.2% as a result of a one-off 2.7 billion yuan ($416 million) sale of Shenzhen property that inflated its 2019 result. ZTE s stock on the HKSE rose 8.11% in Monday trading following release of the news. On the up Other numbers have improved too, with operating cash flow up 37.4%, and net gearing down 2.5 points to 69.5%, the company said.

China
Shenzhen
Guangdong
Datang
Anhui
Chinese
Li-zixue
Huawei
Nokia
Ericsson
Datang-mobile
சீனா

China Tech Digest: China Fines Three E-Commerce Firms, SMIC Reported To Receive License For Mature Processes

Total0 The State Administration of Market Supervision gives penalty to JD, Tmall, and Vipshop for improper price behavior In response to the strong feedback from consumers before and after the Double Eleven shopping festival, the State Administration of Market Supervision has dealt with JD.com, Tmall and Vipshop a penalty decision on December 24, 2020 in accordance with Article 40 of the Price Law and Article 7 of the Provisions on Administrative Penalties for Price Illegal Acts. The enterprises were imposed administrative penalties of RMB500,000 yuan each. The three e-commerce companies were accused of making false promotions, induced transactions, and irregular price patterns. SMIC has reportedly obtained a mature chip manufacturing process license from the United States

China
Beijing
United-states
Wang-haifeng
Zhejiang
Shenzhen
Guangdong
Yaan
Sichuan
Li-zixue
Sichuan-yahua-industrial-group-co-ltd
Yaan-group