ZTE Corporation is a leading global provider of integrated communications solutions and China's largest publicly traded communications equipment company. Its main products include 2G/3G/4G/5G wireless base stations and core networks, IMS, fixed-line access and bearer, optical networks, chips, high-end routers, intelligent switches, government and enterprise networks, big data, cloud computing, data centers, cell phones and home terminals, smart cities, ICT business, as well as aviation, railroads, and urban rail transportation signal transmission equipment.
ZTE is listed in both Hong Kong and Shenzhen.In 2015, ZTE's operating income exceeded 100 billion.On August 25, 2016, ZTE released its 2016 half-yearly financial report, which was impressive in terms of the group's overall operating income, net cash flow from operating activities, and net profit.In August 2016, ZTE was ranked in the "2016 China's Top 500 Enterprises" ranked 150th.In November 2017, in the ?2017 Top 100 Innovative Enterprises in Mainland China? ranked Ladder I.
Company Name
ZTE Corporation
Foreign Name Zhongxing?Telecom?Equipment
Industry
Software and Information Technology Services
Establishment
1985 (Year of Ethnic Ugly)
Legal Representative
Li Zixue
Headquarter Location
Shenzhen, Guangdong Province, China
Scope of Business
Wireless, wireline, core network, routing, switching, terminals, etc.
Corporate Type
Listed Company in Shenzhen and Hong Kong
Corporate Slogan
Mutual Respect, Sincere Service, Striving Innovation, Scientific Management
Annual Turnover
90,737 Million Yuan (2020)
Number of Employees
74,773 (2019)
Founder
Hou Weigui
Chairman
Li Zixue
Development Philosophy
Innovation, Integration, Green
Promotional slogan
Global leading communications solutions provider
Number of patents
2,965 (2017)
Registered capital
RMB 419,267,184,800?000
ZTE Corporation, Ltd. Located at 55 South Science and Technology Road, Nanshan District, Shenzhen, Guangdong Province, founded in 1985. The world's fourth largest manufacturer of cellular phones, it is listed in both Hong Kong and Shenzhen, and is a publicly traded communications equipment company in China.
ZTE provides innovative technology and product solutions to telecom operators in more than 160 countries and regions around the world, and meets the differentiated needs of operators around the globe through a full range of wireless, wireline, business, and terminal products and professional communications services.
ZTE Corporation provides innovative technology and product solutions for top telecom carriers in more than 180 countries and regions around the world (e.g. China Mobile, Vodafone, Telekom, Telefónica, etc.), and meets the differentiated needs of different carriers around the globe with a full range of wireless, wireline, business, terminal products and professional communication services. services to meet the differentiated needs of different operators around the world.
The old man is really old now.
Lao Hou was born in 1942 in Shandong Province, Xi'an, Shaanxi Province, and graduated from Nanchang University (actually Jiangxi Institute of Technology, later merged into Nanchang University).
After graduation, he taught at a junior college in Xi'an for two years (again, he was a teacher). After the Cultural Revolution, the school was transformed into an enterprise, which is the Ministry of Aerospace located in Xi'an 691 factory. The people's teacher, Lao Hou, became a state-owned factory technician.
At that time, the U.S. IC industry had just started, and Qian Xuesen, then vice minister of the Ministry of Aerospace, asked Factory 691 to do the IC (semiconductor) industry.
In 1981, at the beginning of the reform and opening-up period, as the head of the technical section of Aisino 691 Factory and a technical expert, Lao Hou was selected to go to the U.S. to take charge of the introduction of technology and equipment. When he first left the country, he was shocked by the huge technology gap between China and the United States, and recognized the huge business opportunities inside. After returning to China, he persuaded the leaders to let him go? make a big deal out of it?
In 1985, the 43-year-old Hou came to Shenzhen, founded the Shenzhen Zhongxing Semiconductor Co., Ltd. (registered capital of 2.8 million), by the aerospace 691 factory, Yunxing Hong Kong electronics enterprises, the Great Wall Industrial Shenzhen Branch (later merged with the Shenzhen Guangyu Industrial Co.) three joint investment, which is the predecessor of ZTE Corporation.
It can be said that, compared to Huawei Ren total ? forced to Liangshan? , Lao Hou this belongs to the ? self-invested? These two people, one founded ZTE, one founded Huawei, happen to be 43 years old founded, is indeed admirable.
Technical origin of the cow, the military origin of the wolf
Just founded when ZTE, in order to survive, mainly to do some low-end processing of electronic products, as well as some trade, which is commonly known as? The three to a complement? (material processing, sample processing, assembly and compensation trade).
Obviously, this is not Lao Hou's dream. After making his first money ($350,000) in the first year, he quickly set up a research and development group to specialize in switches.
His vision was ingenious. At that time, China's communications industry was virtually the domain of foreign manufacturers, monopolized by international giants such as Ericsson and Lucent, and communications equipment was sold at very high prices, but had to be bought.
In 1985, the 43-year-old Hou came to Shenzhen and founded Shenzhen Zhongxing Semiconductor Company Limited (with a registered capital of 2.8 million yuan), a joint venture of the Aerospace 691 Factory, Yunxing Hong Kong Electronic Enterprises, and Great Wall Industry Shenzhen Branch (later merged with Shenzhen Guangyu Industrial Company), which was the predecessor of ZTE Corporation.