On the evening of April 24, ZTE released its Q1 financial report in 2020. In the first quarter of this year, its operating revenue was 21.448 billion yuan, lower than the market expectation of 22.503 billion yuan, down 3.23% year on year.
In terms of profitability,In Q1, the net profit attributable to shareholders of listed companies was 780 million yuan, down 9.58% year on yearHowever, after deducting non recurring profit and loss, the net profit was 160 million yuan, up 20.51% year on year.
In the first two days of the 2019 annual report online meeting, Li Zhizi, chairman of ZTE, said that ZTE still did not get out of the dilemma completely in 2019, and the company's internal and external business and communication were in the process of gradual recovery; and ZTE still maintained the year-on-year growth of R & D investment in the difficult environment.
Xie Junshi, executive vice president and chief operating officer of ZTE,Over the past three years, ZTE has spent 12.1 billion yuan annually on R & DBut it has not been transformed into profit quickly. ZTE needs to transform its technology leadership into market leadership more quickly, so as to improve its profit level. The company has been adjusting accordingly.
In the important chip supply, ZTE said that the whole process covers the chip R & D and design capabilities. Whether it is the earliest architecture design, simulation, front-end design, back-end physical implementation, seal test design, seal test and future failure analysis of corresponding chips, the whole life cycle can achieve R & D design. This is the absolute leading position in the industry.
At present, ZTE's 5nm technology 5g chip research and development is progressing smoothly, but ZTE did not mention the details of when the 5nm chip came out.
At present, among the domestic companies, only Huawei's Hisilicon has developed 5g chip with 5nm technology, which is the legendary Kirin 1020. In the second half of this year, it was mass produced and first launched in mate 40 series mobile phones.