ZTE Reports Net Profit of 4.26 Billion Yuan in 2020

Updated:2021/3/17 18:00

On March 16, ZTE's financial reports showed that the company's revenue in 2020 was 101.45 billion yuan, up 11.81% from the previous year. Its net profit in 2020 was 4.26 billion yuan, down 17.25% from the previous year. The decline in net profit was due to a one-time pre-tax profit of 2.662 billion yuan recorded on asset disposal in Q3 2019.

According to the financial reports, ZTE's three main business lines, carrier business, government and corporate affairs, and consumer business, showed a trend development at the same time. It's worth mentioning that, in 2020, ZTE has 31,747 research and development personnel, up 12.18% from the previous year. R&D investment reached 14.797 billion yuan, up 17.92% from the previous year.

The financial reprts showed that, as of the end of 2020, ZTE had about 80,000 global patent applications and about 36,000 valid licensed patents. Among them, more than 4,270 were chip patent applications, and more than 1,800 chip patents were licensed.

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