ZTE maintains strong Phl presence
The company invested in research and product development RMB 16.11 billion, 17.4 percent of its nine-month operating revenue.
ZTE China invested nearly 20 percent of its revenue in 2022 toward research. | W. COMMONS
Daily TribuneThe company invested in research and product development RMB 16.11 billion, 17.4 percent of its nine-month operating revenue.
ZTE China invested nearly 20 percent of its revenue in 2022 toward research. | W. COMMONS
China's ZTE Corporation this week reported operating revenue of RMB 92.56 billion for the past nine months ending in September 2022, a 10.4 percent increase compared with the first three quarters of 2021.
ZTE said in a statement that it relentlessly collaborated with its industry partners as a "driver of the digital economy" to resolve the challenges it faced.
During the period, the company strengthened its key technology and product competitiveness, by continuing to invest in research and development, with expenses reaching RMB 16.11 billion, 17.4 percent of its nine-month operating revenue.
ZTE built its comprehensive DICT product series and solutions in three categories, specifically, efficient digital infrastructure of "connection and computing power," flexible and agile digital capabilities, and application innovation of APPs services.
With the wave of global digitalization and low-carbon development, ZTE said it achieved year-on-year growth with its operating revenue in both domestic and international markets.
In the Philippines, ZTE reported continuing to be the strong backbone and partner of the country's leading telco companies and enterprises.
"ZTE Philippines will continue to be the industry's solid partner in driving digital economy, with leading innovative solutions and high-quality delivery" according to ZTE Philippines president Wan Min, president.