ZTE Sets Sights on Greater Expansion in 2023 with Ambitious Goals

ZTE Corporation, a leading provider of information and communication technology solutions, has expressed a positive outlook for 2023. In his New Year’s message to stakeholders, ZTE Chairman Li Zixue outlined the company’s goals for the year, which will focus on executing with precision, pursuing excellence, and achieving steady and sustainable growth. In 2022, despite challenges posed by the COVID-19 pandemic, complex geopolitical situations, and the global economic downturn, ZTE increased investments in R&D, achieved steady growth in both Chinese and international markets, and maintained year-on-year revenue growth in all its business segments.

For 2023, ZTE will aim to retain its leadership in key technologies and win first place in the competitiveness of major products. The company will also focus on expanding in high-value markets and partnerships with key operators outside of China, while strengthening its offerings to high-value customers and industries in the enterprise sector. In the consumer sector, ZTE will aim to enhance product experience through differential innovation and expand its innovative business.

According to Mr. Li, ZTE will capitalize on the opportunities brought by computing power, renewable energy, and digitalization, to fulfill its goals for expansion. The company will also prioritize risk management and control, reinforce internal control, deepen digital transformation, and strengthen organizational capabilities for sustainable development.

ZTE Philippines President Wan Min also shared a positive sentiment for the new year, noting that the company grew 10.4% in the first three quarters of 2022 and remained a strong partner in driving the digital economy in the Philippines through key projects.