The net profit attributable to shareholders reached RMB 5.73 billion ($804.91 million), a 4.8% increase. Despite global market challenges, ZTE’s strategic positioning and innovation have driven its success, showcasing resilience and operational excellence in a competitive telecommunications industry.

Technological Advancements Driving ZTE Corporation’s Growth

In H1 2024, the success of ZTE Corporation in the international market was driven by its advancements in 5G and artificial intelligence (AI). The company capitalized on the accelerating technological revolution, adopting AIGC and 5G-A innovations.

The focus on “connectivity + computing” enabled ZTE to effectively steer a complex global industry. While domestic growth faced investment-related pressures, ZTE achieved notable international breakthroughs, securing major telecom partnerships and expanding its market presence.

Stable and Resilient Operations with Revenue and Net Profit Growth

In the first half of 2024, ZTE demonstrated stable and resilient operations with notable financial growth. The company generated RMB 43.06 billion ($6.04 billion) in domestic revenue and RMB 19.43 billion ($2.72 billion) internationally.

Key segments contributed RMB 37.30 billion ($5.24 billion) from operator networks, RMB 9.17 billion ($1.28 billion) from government-enterprise, and RMB 16.02 billion ($2.25 billion) from consumer businesses.

ZTE’s investment in R&D totaled RMB 12.73 billion ($1.78 billion), enhancing its market position through over 90,000 patent applications globally. This strong financial performance underpins the company’s ability to sustain double-digit growth in the international operator network segment and maintain a competitive force.

ZTE Corporation: Enhancing Independent Innovation

ZTE Corporation continues to lead the telecommunications industry through its relentless focus on independent innovation. In the first half of 2024, the company made significant strides in advancing next-generation ICT technologies, including 5G-A and all-optical networks.

ZTE’s 5G base station and core network shipments rank second globally, with its RAN and 5G products consistently earning top industry ratings. Over 50 operators tested its 50G PON solutions, and ZTE achieved a milestone with the first large-scale 400G all-optical backbone network deployment.

Building a Full-Stack Foundation with Connectivity + Computing

The company has introduced a comprehensive suite of full-stack intelligent computing solutions spanning computing, networks, capabilities, intelligence, and applications. This includes:

Wired Networks with 50G PON solution, 400G all-optical inter-provincial backbone network, and ultra-high speed computing power based on the 800G OTN pluggable solution.
Wireless Networks with 5G base stations and core networks, industry-leading RAN products, and stable network support for HD live-streaming, VR/AR gaming, low-altitude economy, and smart tourism.

Global Advancement of ICT and AI-Powered Network Communication

The company’s AI-powered network communication strategy integrates AI across five key consumer scenarios: sports & health, entertainment, business & travel, home & education, and smart driving. ZTE Corporation has launched various AI-driven products, including smartphones, tablets, and laptops, as part of its Full-Scenario Intelligent Ecosystem 3.0.

This integration extends to mobile terminals, smart home devices, cloud computing, and automotive electronics. ZTE leads in the global 5G Fixed Wireless Access and Mobile Broadband markets, with RedMagic topping the gaming smartphone sector.

Full-Stack, Full-Scenario Intelligent Computing Solutions

These advanced computing solutions support ZTE’s international operator network segment by providing a robust infrastructure and intelligent computing platform for increasing data demands and complex applications.

The infrastructure offers:

Product ranges from storage, networking, computing, and data centers.
Innovative energy-saving products include cool plate liquid, integrated power modules, immersion liquid, and high-power indirect evaporative cooling.
400GE & 800GE data center switches for large-scale GPU training.
Comprehensive computing products and solutions like inference servers, high-performance storage, and more.

The computing platform offers a full-stack toolset to simplify the process of training, fine-tuning, and deploying large model apps. It’s compatible with mainstream large models for easy integration and migration.

AI for All: Building an All-Scenario Intelligent Ecosystem

ZTE’s “AI for All” initiative represents a comprehensive approach to integrating artificial intelligence across diverse consumer scenarios. They launched an intensive range of AI terminal products, including tables, smartphones, laptops, and mobile internet devices to execute the Full-Scenario Intelligent Ecosystem 3.0. Here are some notable ZTE releases:

ZTE Mobiles

Nubia Z60 Ultra Photographer Edition, an AI imaging flagship smartphone
Nubia Flip, a pocket-sized foldable AI smartphone
Nubia Neo 2 for an enchanted gaming experience
Nubia Music for music lovers

Smart Home

10G FTTR master-slave gateway for homes
DSL CPE and PON CPE
IP set-top boxes
Wi-Fi 7 router (with a self-developing SoC)

Advancing Energy Solutions for Greener and More Efficient Networks

ZTE released the Zero-Carbon” Energy Network Solution V3.0 to maintain a yearly shipment growth rate of more than 30% for lithium batteries. They also deployed a massive 5G power to simplify site solutions while providing power support for 800,000 global base stations.

ZTE Corporation Focusing on Digital Intelligence to Accelerate Industry Upgrade

To address the challenges in large-scale industrial deployment, ZTE released Nebula Digital 3.0, which can facilitate data processing, security assurance, application development, and more.

They’ve made it possible by collaborating with 1,000 leading industry partners, promoting intelligent and digital construction in various sectors. The increased investment in digitizing industrial efforts, like disaster relief and emergency rescue, strongly supports many disaster-prone areas.

ZTE Corporation’s impressive growth in the international operator network segment spotlights its focus on innovation and technological advancement. Integrating 5G and AI technologies has driven its success, with noteworthy revenue and profit increases.

Key initiatives include the development of full-stack intelligent computing solutions and a comprehensive AI-driven ecosystem across multiple consumer scenarios. ZTE’s pioneering efforts in next-generation ICT technologies set the company up for continued growth and industry leadership.