Comments 
Print 
Mail 
Large Medium SmallChinese telecom equipment and smartphone maker ZTE Corp said on Wednesday that it had invested $1.4 billion in research and development this year.
In a press release sent to China Daily, ZTE said it spends 10 percent of its sales every year on R&D and has invested a total of 30 billion yuan ($4.92 billion) on R&D over the past four years.
In 2012, when ZTE experienced a business setback and posted a 2.8 billion yuan loss in net profit, the company still upped its R&D spending. Currently, ZTE has applied for more than 50,000 patents globally and has been granted 14,000 patents.
ZTE said this month that it would post a net profit for 2013, swinging from a loss in the previous year as its focus on cost-cutting and high-margin contracts pays off.
ZTE said its net profit for the first nine months totaled 551.6 million yuan, in line with the lower end of its expectations.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
