ZTE reported 2022 revenue of RMB 122.95 billion (approximately US$17.9 billtion), 7.4% higher than a year earlier. The company's profit hit RMB 8.08 billion (approximately US$1.2 billion) in 2022, up 18.6% compared to 2021.
Some additional highlights from ZTE:
In 2022, operating revenue in both the domestic and international markets, and operating revenue in the Company's three major businesses including carriers' networks, government and enterprise business, as well as consumer business, all achieved a year-on-year growth. Operating revenue of domestic market reaching RMB 85.24 billion, 69.3% of its overall operating revenue while the operating revenue from international market hitting RMB 37.71 billion, covering 30.7% of its overall operating revenue.
For its carriers networks business, ZTE achieved an annual operating revenue of RMB 80.04 billion, a year-over-year rise of 5.7%. ZTE claims the No.2 market share position for annual shipments of 5G base stations, 5G core networks and 200G coherent ports.
For its government and corporate business, ZTE achieved an operating revenue of RMB 14.63 billion, a year-on-year growth 11.8%. ZTE's core products such as server and storage, GoldenDB distributed databases, and cloud computers, have achieved rapid growth in the number of top customers across the industries including finance and Internet.
In its consumer business, ZTE generated an operating revenue of RMB 28.28 billion, a year-on-year increase 9.9% during the period. The company has gradually integrated mobile phones, mobile Internet products, home information terminals, and ecological capabilities to provide individuals and families with a rich selection of smart products.
