ZTE information

ZTE Corporation
ZTE Corporation
Simplified Chinese	中兴通讯股份有限公司
Traditional Chinese	中興通訊股份有限公司
Literal meaning	China-Prosperity Communications Company Limited by Shares
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Zhōngxìng tōngxùn gǔfèn yǒuxiàn gōngsī
Yue: Cantonese
Jyutping	Zung1hing3 tung1seun3 gu2fan6 jau6haan6 gung1si1
Alternative Chinese name
Simplified Chinese	中兴通讯
Traditional Chinese	中興通訊
Literal meaning	China-Prosperity Communications
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Zhōngxìng tōngxùn
Second alternative Chinese name
Simplified Chinese	中兴
Traditional Chinese	中興
Literal meaning	China-Prosperity [or the word itself: resurgence]
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	zhōngxīng

ZTE Corporation
	ZTE building in Hi-tech Zone of Nanshan District, Shenzhen, Guangdong
Formerly	Zhongxing Telecommunication Equipment Corporation
Company type	Public; state-owned enterprise
Traded as	SZSE: 000063; SEHK: 763
ISIN	CNE000000TK5; CNE1000004Y2;
Industry	Telecommunications equipment ; Networking equipment
Founded	1985; 39 years ago (as Zhongxing Semiconductor Co., Ltd.)
Founder	Hou Weigui
Headquarters	55 Hi-tech Road South; Shenzhen, Guangdong, China; 518057
Area served	Worldwide
Key people	Li Zixue (Chairman and Executive Director); Xu Ziyang (Executive Director and CEO)
Products	Mobile phones, smartphones, tablet computers, hardware, software, all series of wireless, wireline, services, devices and professional telecommunications services and services to telecommunications service providers and enterprises
Revenue	CN¥122.95 billion / US $17.68 billion (2022)
Operating income	CN¥6.16 billion (2022)
Net income	CN¥8.08 billion (2022)
Total assets	CN¥180.95 billion (2022)
Total equity	CN¥58.64 billion (2022)
Owner	Zhongxingxin (20.29% in 2022); China Aerospace Science and Industry Corporation
Number of employees	74,811 (2022)
Subsidiaries	Nubia Technology (49.9%); ZTEsoft ; Zonergy
Website	www.zte.com.cn
	Footnotes / references; In consolidated financial statement; shareholders' equity figure are excluding perpetual capital instrument

ZTE Corporation is a Chinese partially state-owned technology company that specializes in telecommunication. Founded in 1985, ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges.

ZTE's core business is wireless, exchange, optical transmission, data telecommunications gear, telecommunications software, and mobile phones. ZTE primarily sells products under its own name, but it is also an OEM.^[8]

The company has faced criticism in the United States, India, and Sweden over ties to the Chinese government that could enable mass surveillance. In 2017, ZTE was fined for illegally exporting U.S. technology to Iran and North Korea in violations of economic sanctions.^[9] In April 2018, after the company failed to properly reprimand the employees involved, the U.S. Department of Commerce banned U.S. companies (semiconductors) from exporting to ZTE for seven years. The ban was lifted in July 2018 after ZTE replaced its senior management, and agreed to pay additional fines and establish an internal compliance team for 10 years.^[10]^[11] In June 2020, the Federal Communications Commission (FCC) designated ZTE a national security threat.^[12]^[13]^[14]^[15] In 2023, the European Commission banned ZTE from providing telecommunication services.^[16]

^ "Li Zixue". www.zte.com.cn. Retrieved 13 October 2023.
^ "Xu Ziyang". www.zte.com.cn. Retrieved 13 October 2023.
^ "Company Introduction". www.zte.com.cn. Retrieved 13 October 2023.
^ Tomás, Juan Pedro (10 March 2023). "ZTE's 2022 revenues up 7.4% year-on-year". RCR Wireless News. Retrieved 13 October 2023.
^ ^a ^b ^c ^d "ZTE - Annual Report 2022" (PDF). www.zte.com.cn. Retrieved 14 October 2023.
^ "2023 Interim Result Announcement" (PDF). www.zte.com.cn. Retrieved 14 October 2023.
^ Annual Report 2017 (PDF) (Report). ZTE. 26 March 2018. Archived from the original (PDF) on 9 April 2018. Retrieved 8 April 2018.
^ Mukherjee, Supantha (26 January 2011). "UPDATE 3-LSI sees second half better than first". Reuters. Bangalore. Archived from the original on 17 November 2015.
^ Freifeld, Karen; Sijia, Jiang (8 March 2017). "China's ZTE pleads guilty, settles U.S. sanctions case for nearly $900 million". Reuters. New York / Hong Kong. Archived from the original on 26 February 2020. Retrieved 11 July 2020.
^ Cite error: The named reference :4 was invoked but never defined (see the help page).
^ Cite error: The named reference :5 was invoked but never defined (see the help page).
^ McCabe, David (30 June 2020). "F.C.C. Designates Huawei and ZTE as National Security Threats". The New York Times. ISSN 0362-4331. Archived from the original on 2 July 2020. Retrieved 2 July 2020.
^ Shields, Todd (30 June 2020). "FCC Calls Huawei, ZTE Security Threats as It Bars Subsidies". Bloomberg News. Archived from the original on 2 July 2020. Retrieved 11 July 2020.
^ Rapoza, Kenneth (30 June 2020). "The FCC Just Designated China's Huawei And ZTE A Security Threat". Forbes. Archived from the original on 14 July 2020. Retrieved 14 July 2020.
^ Shepardson, David (9 July 2020). "Exclusive: U.S. finalizing federal contract ban for companies that use Huawei, others". Reuters. Washington. Archived from the original on 15 July 2020. Retrieved 4 August 2020.
^ Chee, Foo Yun (15 June 2023). "Breton urges more EU countries to ban Huawei, ZTE from networks". Reuters. Retrieved 17 June 2023.

[1] "Li Zixue". www.zte.com.cn. Retrieved 13 October 2023.

[2] "Xu Ziyang". www.zte.com.cn. Retrieved 13 October 2023.

[3] "Company Introduction". www.zte.com.cn. Retrieved 13 October 2023.

[4] Tomás, Juan Pedro (10 March 2023). "ZTE's 2022 revenues up 7.4% year-on-year". RCR Wireless News. Retrieved 13 October 2023.

[:AN2022-5] "ZTE - Annual Report 2022" (PDF). www.zte.com.cn. Retrieved 14 October 2023.

[6] "2023 Interim Result Announcement" (PDF). www.zte.com.cn. Retrieved 14 October 2023.

[Annual_Report_2017-7] Annual Report 2017 (PDF) (Report). ZTE. 26 March 2018. Archived from the original (PDF) on 9 April 2018. Retrieved 8 April 2018.

[8] Mukherjee, Supantha (26 January 2011). "UPDATE 3-LSI sees second half better than first". Reuters. Bangalore. Archived from the original on 17 November 2015.

[9] Freifeld, Karen; Sijia, Jiang (8 March 2017). "China's ZTE pleads guilty, settles U.S. sanctions case for nearly $900 million". Reuters. New York / Hong Kong. Archived from the original on 26 February 2020. Retrieved 11 July 2020.

[:4-10] Cite error: The named reference :4 was invoked but never defined (see the help page).

[:5-11] Cite error: The named reference :5 was invoked but never defined (see the help page).

[:10-12] McCabe, David (30 June 2020). "F.C.C. Designates Huawei and ZTE as National Security Threats". The New York Times. ISSN 0362-4331. Archived from the original on 2 July 2020. Retrieved 2 July 2020.

[:11-13] Shields, Todd (30 June 2020). "FCC Calls Huawei, ZTE Security Threats as It Bars Subsidies". Bloomberg News. Archived from the original on 2 July 2020. Retrieved 11 July 2020.

[14] Rapoza, Kenneth (30 June 2020). "The FCC Just Designated China's Huawei And ZTE A Security Threat". Forbes. Archived from the original on 14 July 2020. Retrieved 14 July 2020.

[:8-15] Shepardson, David (9 July 2020). "Exclusive: U.S. finalizing federal contract ban for companies that use Huawei, others". Reuters. Washington. Archived from the original on 15 July 2020. Retrieved 4 August 2020.

[16] Chee, Foo Yun (15 June 2023). "Breton urges more EU countries to ban Huawei, ZTE from networks". Reuters. Retrieved 17 June 2023.

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