ZTE: Non-net profit increased by 189.7% to 238.0% in 2021

On January 28, ZTE released its 2021 annual performance forecast, and it is expected to achieve a net profit attributable to the common shareholders of listed companies of 6.5 billion yuan to 7.2 billion yuan in 2021, an increase of 52.6% to 69.0% year-on-year, and a net profit attributable to the common shareholders of listed companies after deducting non-recurring gains and losses of 3 billion yuan to 3.5 billion yuan, an increase of 189.7% to 238.0% year-on-year, both of which hit a record high Achieved basic earnings per share of 1.40 yuan to 1.55 yuan in 2021.

At the beginning of 2022, ZTE established a digital energy business department to officially enter the new energy market.

2021 is the end of the strategic development period of ZTE, in the face of a complex external environment, the company solidifying the foundation, steady operation, continuous optimization of the market pattern, the annual operating income to achieve double-digit year-on-year growth, of which, the domestic and international markets and operator networks, government and enterprises, consumers three major business operating income have achieved year-on-year growth.

During the operation period, ZTE deeply participated in the large-scale construction of domestic 5G, continued to optimize overseas products and market patterns, and maintained the steady growth of operator network services.

In the domestic market, ZTE's market share of key products such as 5G, core network, bearer, server and storage has continued to increase. The company is committed to realizing the transformation from a mainstream supplier to a core supplier, and on the basis of continuous improvement in technology leadership, product innovation, agile research and development, efficient delivery, etc., it has comprehensively carried out joint R&D innovation and digital industry expansion with operators to meet the opportunities and challenges of the digital and intelligent era.

In overseas markets, ZTE grasps market opportunities such as 4G modernization, new 5G construction, fiber transformation of fixed networks, upgrading of bearer networks and upgrading of home broadband, further optimizes the pattern of products and markets, and helps operators provide diversified digital services for the ToC (consumer), ToB (industry) and ToH (home) markets with technology, product and solution innovation.

While the traditional CT business is steadily consolidating its costs, ZTE is constantly increasing its expansion in the itself business, digital energy and terminal fields, and actively creating the second curve of the company's growth to achieve self-transcendence and industry cycle in the strategic transcendence period and achieve sustainable development of enterprises.

In the IT field, ZTE focuses on building the underlying competitiveness of IT products such as servers and storage, operating systems, databases, etc., and quickly becomes a tens of billions of products; at the same time, it has set up two major industry special teams in specific sub-sectors of mining and metallurgical steel to achieve the in-depth expansion of the 5G industry application market; and comprehensive ICT technology software and hardware advantages to expand to the field of automotive electronics, and established automotive electronic product lines to help the development of intelligence, networking and electrification in the automotive field.

In the field of terminals, we will focus on improving the user experience of mobile phone products, increasing the construction of brand channels, and at the same time setting up a new smart home product line, giving full play to the advantages of home broadband network products, and vigorously expanding consumer-oriented home intelligent products.

ZTE said that 2022 is the opening year of the company's strategic transcendence period, and the company will further strengthen its strategic positioning as a "digital economy road builder", promote underlying technological innovation, continue to consolidate the foundation, and continue to open up the imagination space and application scenarios of the digital economy through continuous innovation investment and digital transformation, and contribute to digital industrialization and industrial digital upgrading.