THURSDAY, March 28, 2024
nationthailand

ZTE reports revenue over 100b yuan in 2017

ZTE reports revenue over 100b yuan in 2017

Chinese telecommunications company ZTE reported fullyear operating revenue of 108.8 billion yuan (Bt536 billion) last year, according to the company’s annual report released last week.

It marked a yearly increase of 7.5 per cent, the report said.
The company reported around 13 billion yuan of investment in research and development (R&D), accounting for about 12 percent of total operating revenue. By the end of last year, ZTE had about 29,000 research staff, almost 40 per cent of the total.
The company operates 20 R&D centres in China, the United States and Sweden, among others, as well as more than 10 joint innovation centers with global operators.
ZTE attributed the rising revenue to reasons such as continuous investment in telecommunications networks by global operators and the growing overseas mobile phone market. 
 

nationthailand