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ZTE ranks among the Top 100 in PwC's 2018 Top Global Innovation 1000 Study

The company is the exclusive Chinese telecoms company included on the list.


Johannesburg, 06 Nov 2018

ZTE South Africa has revealed that ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile Internet, has been ranked among the top 100 by PwC in its latest report: "The 2018 Global Innovation 1000 Study", which was published 30 October 2018.

According to PwC's study, ZTE ranks 77th among global innovators, being the exclusive Chinese telecommunications company included on the list.

The 2018 Global Innovation 1000 Study analyses spending at the world's 1 000 largest publicly listed corporate R&D spenders, identifying the 1 000 public companies around the world that spent the most on R&D during the last fiscal year, as of 30 June 2018.

According to ZTE's results announcement released on 25 October 2018, during the first three quarters of 2018, ZTE's R&D expense reached RMB 8.5 billion, making up 14.5% of nine-month revenue, a year-on-year increase of 2.5%. In the third quarter of 2018, ZTE's R&D spending reached RMB 3.47 billion, covering 17.9% of the quarter's revenue, a year-on-year increase of 6.7%.

The study indicates that companies headquartered in all regions increased their R&D spending in 2018, but the most vibrant innovation investment was in China.

In 2018, 145 Chinese companies were among the top 1 000 spenders, and their innovation spending increased 34.4% over 2017, or nearly three times the overall rate of increase among the Global Innovation 1000 between 2017 and 2018.

ZTE has been ranked in PwC's Global Innovation 1000 Study for three consecutive years. In 2016, ZTE ranked 70th, only one position behind Alibaba among Chinese companies, and in 2017, ZTE maintained its ranking of 70th.

For the details of the PwC report, please visit: https://www.strategyand.pwc.com/innovation1000.

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ZTE South Africa

ZTE South Africa is a subsidiary of ZTE Corporation, a leading global provider of telecommunications equipment and network solutions. ZTE South Africa is dedicated to making quality communications technology accessible to all. The company draws on more than 25 years of experience and research investment to deliver smart, affordable, quality choices for infrastructure and mobile data device customers nationwide.

ZTE

ZTE is a provider of advanced telecommunications systems, mobile devices, and enterprise technology solutions to consumers, carriers, companies and public sector customers. As part of ZTE's strategy, the company is committed to providing customers with integrated end-to-end innovations to deliver excellence and value as the telecommunications and IT sectors converge. Listed in the stock exchanges of Hong Kong and Shenzhen (H share stock code: 0763.HK / A share stock code: 000063.SZ), ZTE's products and services are sold to over 500 operators in more than 160 countries. ZTE commits 10% of its annual revenue to research and development and has leadership roles in international standard-setting organisations. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. For more information, please visit www.zte.com.cn.

For more information, visit www.zte.com.cn.

Editorial contacts

Deirdre Blain
Blain Communications
(+27) 083 230 5522
blain@iafrica.com
Jessica King
ZTE Corporation South Africa
(+27) 82 356 4239
jessicaking@zte.com.cn