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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  ZTE Corporation    000063   CNE000000TK5

ZTE CORPORATION

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ZTE : wins Good Design Awards 2020 for its latest home terminal products

10/22/2020 | 07:31am EST

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that it has won Good Design Awards 2020 for its latest home gateway, smart home wireless router, and 'Home' series of home terminal.

With a minimalist design, ZTE home gateway features a seemingly unpolished appearance, which signifies boundless imagination and vast prospects of the application of gigabit broadband.

'Although ZTE home gateway boasts super high performance, it features a plain and unsophisticated design, with a simple box style like a cutout from a plaster block ,' said the judges of Good Design Award.

Moreover, ZTE smart wireless router uses a plump moon design to convey the humanity of a functional product, integrating a high-tech device with the home environment. The top panel of the product can be customized with a diverse selection of materials to match with different home environments. Its foldable antennas reduce the package size and provide more packaging convenience.

With the theme of 'Home', ZTE's new series of home terminals, including a Set Top Box (STB), a wireless router and a smart speaker, feature furniture feet-like supports and minimalist designs.

The two materials of plastic and wood and the furniture appearance work together to produce a fantastic effect, differentiating the products from other electronic devices while fitting seamlessly into the home environment.

'The series are shaped as simple rectangles, cubes and cylinders, which, coupled with their unified matte white color and cute wooden feet, make them extremely harmonious in the home space,' commented the judges.

Good Design Award has recognized various objects surrounding us, including industrial goods, architecture, software, systems, services and so on. No matter tangible or intangible, Good Design Award will take it as design, evaluate and honor its quality, as long as it is created to fulfill certain ideals or purposes. Since its foundation in 1957, the Good Design Award has been commonly known together with the 'G Mark', the symbol of winning the award.

In the home broadband sector, ZTE is committed to bolstering foundational capabilities, strengthening technological innovation, and providing global customers with superior products and services. To date, ZTE's home broadband products have been deployed in more than 100 countries and regions, maintaining ZTE's industry leadership in this segment.

ZTE is a provider of advanced telecommunications systems, mobile devices and enterprise technology solutions to consumers, operators, companies and public sector customers. The company has been committed to providing customers with integrated end-to-end innovations to deliver excellence and value as the telecommunications and information technology 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 sells its products and services in more than 160 countries.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 101 B 15 446 M 15 446 M
Net income 2020 4 416 M 676 M 676 M
Net cash 2020 2 029 M 311 M 311 M
P/E ratio 2020 37,8x
Yield 2020 0,65%
Capitalization 135 B 20 659 M 20 696 M
EV / Sales 2020 1,32x
EV / Sales 2021 1,15x
Nbr of Employees 70 066
Free-Float 71,4%
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 39,68 CNY
Last Close Price 35,06 CNY
Spread / Highest target 41,2%
Spread / Average Target 13,2%
Spread / Lowest Target -24,4%
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NameTitle
Zi Yang Xu President, CEO & Executive Director
Da Xiong Xie Chairman-Supervisory Board
Zi Xue Li Chairman
Li Ying Chief Financial Officer & Executive Vice President
Jun Feng Wang Member-Supervisory Board
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