Chinese telecom device maker ZTE recently published its performance report for the first quarter of 2019 and performance predictions for the first half of 2019.

According to ZTE's performance predictions, the company expects to gain net profit of CNY1.2 billion to CNY1.8 billion in the first six months of 2019.

From January to March 2019, ZTE achieved operating revenue of CNY22.202 billion and its net profit attributable to shareholders was CNY863 million. During the reporting period, the company continued to enhance expense control and reduced its sales expense year-on-year.

At the same time, it insisted on innovation-driven and R&D investment in 5G core areas. The company invested CNY3.093 billion in R&D, accounting for 13.9% of its operating revenue, and the ratio was 4.1 percentage points higher than the same period of last year.

The financial report also showed that ZTE had reached 5G cooperation with more than 40 operators around the world and its global shipment share of 4G base stations was nearly 20%.

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