Recently, ZTE released its 2020 annual performance report. The report shows that in 2020, the revenue will be 101.379 billion yuan, a year-on-year increase of 11.73%; The net profit was 4.367 billion yuan, down 15.18% year-on-year. According to media reports, this was due to the one-time pre-tax income of 2.662 billion yuan included in asset disposal in Q3 2019. Among them, the quarterly profit in the fourth quarter was 1.655 billion yuan, up 62.21% year-on-year and 93.57% quarter-on-quarter.
This is a brilliant performance. The large-scale construction of 5G in 2020 has driven ZTE's performance growth. However, not all communication enterprises can benefit from the wave of 5G. While 5G promotes economic and social innovation, it is also a reshuffle of the communication industry itself, re-dividing the market share and shaping the competitive pattern.
According to industry media, ZTE has made at least three correct choices: strategic investment in 5G, persistence in deepening overseas markets, and efforts to expand consumer business. ZTE revealed in its report that in 2020, the operating income of the three major businesses (operator network, consumer business and government-enterprise business) will increase year on year.
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