The company signed contracts worth 25.04 billion yuan (.97 billion) with clients from both domestic and overseas markets in 2017. Its profit was 1.27 billion yuan, thanks to its diversified product categories, expanded sales channels and go-global strategy.
The company said its smartphone business is booming, as it ramps up efforts to explore overseas markets. Unlike most Chinese smartphone vendors which have limited presence in the United States, ZTE is very popular.
The company's ranking rose from the 11th place in 2016 to 8th spot this year, with its brand value increasing 27 percent to 8.3 billion, according to the 2017 BrandZ Top 100 Most Valuable Global Brands ranking.
The company said it will develop products that mainly include server operating systems, desktop operating systems and embedded operating systems, combining artificial intelligence, mobile computing and cloud interconnection technologies.
The company said in its listing prospectus that it would use the IPO proceeds to develop cutting-edge chip manufacturing process, supplement working capital and bankroll the research and development of advanced technologies.
The company's newly opened art gallery will be another step for the company to further enter into the art industry and thereby strengthening its corporate craftsmanship spirit, enlarging its cultural influence and improving the quality of its products, said Ling Zhenwen, CHO of Riverside.
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The company's leaders decided to hold a competition to test each team's efficiency. Zhang was chosen from among his group.
The company's manufacturing base in China produces and exports glass. More such plants are likely to be set up in South America and elsewhere across the world in the years to come, according to senior company executives.
The company said it continues to promote the transformation and upgrading of industrial internet and intelligent manufacturing, and is committed to the cultivation and skills upgrading of its employees.
The company highlighted that its relationship with the Chinese government is no different than that of any other private company that operates in China. Like other tech companies that operate in China, including those from abroad, Huawei receives some policy support from the Chinese government.