ZTE Reports 2025 Revenue of RMB 133.90 Billion, Advancing Full-Stack AI Capabilities

• Computing revenue delivered strong growth, becoming a primary engine of the company's overall revenue growth
• Key network portfolio maintained strong global competitiveness across multiple segments
• ZTE continues advancing its "Connectivity + Computing" strategy with AI as a core enabler  
• Amid AI revolution, ZTE reinforces its leadership in Networks, increases investment and drives innovation in Computing, Home, and Personal Devices, while progressively developing full-stack AI capabilities

Shenzhen, China, March 6, 2026 - ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, today announced a full-year revenue of RMB 133.90 billion for 2025, an increase of 10.4% year-on-year.

According to ZTE's results announcement today, during the period, the net profit attributable to holders of ordinary shares of the listed company reached RMB 5.62 billion, and net profit after extraordinary items attributable to holders of ordinary shares of the listed company amounted to RMB 3.37 billion. The Board has proposed a final cash dividend for 2025, representing 35% of net profit attributable to shareholders.

Amid the rapid evolution of artificial intelligence, the company continues to reinforce its leadership in Networks, increase investment and drive innovation in Computing, Home, and Personal Devices, while progressively developing full-stack AI capabilities.

For the reporting period, Computing delivered robust growth, with annual revenue rising approximately 150% year-on-year to account for 24.6% of total revenue. Within the segment, server and storage revenue grew over 200% year-on-year, while data center solutions revenue increased by 50% year-on-year. Home and Personal Devices experienced steady growth, collectively contributing 25.3% of total revenue.

Industry cycle transitions and the evolving revenue mix have placed phased pressure on gross margins, consistent with the company's ongoing strategic transition toward a more diversified and future-oriented portfolio. Despite these phased pressures, the company sustained disciplined R&D investment, recording annual expenses of RMB 22.76 billion, approximately 17.0% of total revenue, and continues to advance the development of its comprehensive AI capabilities to reinforce long-term competitiveness.

Domestic and International Markets Achieved Steady Growth; Government & Enterprise Business Revenue Doubled Year-on-Year

ZTE recorded continued growth across both its domestic and international markets in 2025, while continuing to advance its global operations and deepen its presence in China. Domestic revenue reached RMB 89.74 billion, representing 67.0% of total revenue and increasing 9.4% year-on-year. International revenue totaled RMB 44.16 billion, accounting for 33.0% of total revenue and rising 12.4% year-on-year.

Across its three business segments, the company continued to solidify its core Operator Network operations while accelerating the development of its Government & Enterprise Business as well as the Consumer Business.

Operator Network generated revenue of RMB 62.86 billion, accounting for 46.9% of total revenue. In the domestic market, revenue was pressured by a decline in telecommunications infrastructure investment. The company responded by deepening its expertise in wireless and wireline products to anchor this core segment, while advancing data center projects in collaboration with carriers. It also invested in evolutionary technologies such as autonomous networks and 10-gigabit optical networks to lay the groundwork for future network builds. Internationally, ZTE steadfastly executed its focus on strategic markets and tier-1 telecom operators, capturing growth from ongoing 5G rollouts and fiber deployments.

Government & Enterprise Business capitalized on rising investments in intelligent computing from leading domestic internet companies and vertical industry customers, while enhancing engagement with Chinese enterprise customers to support their compliant overseas operations. Revenue for the segment doubled year-on-year to RMB 37.22 billion, driven by strong demand for computing products such as servers among key accounts, with computing emerging as a primary engine of the company's overall revenue growth.

Consumer Business, which focuses on advancing AI-enabled devices across a broad range of consumer use cases, reported revenue of RMB 33.82 billion, up 4.4% year-on-year.

Advancing Full-Stack AI Capabilities with Rapid Growth in Computing, Home and Personal Devices

As AI technologies continue to evolve, the industry is moving toward a new era shaped by token-based AI. Building on over four decades of expertise across the ICT domain, ZTE provides AI solutions designed to improve overall cost efficiency for customers worldwide. Through integrated innovation in "Connectivity + Computing" , the company continues to support enterprises in enhancing quality and efficiency.

ZTE has strategically advanced its AI initiatives across four core domains: Networks, Computing, Home, and Personal Devices. The company reinforces its Networks foundation, positions Computing as a primary growth engine, and advances innovation in Home and Personal Devices. Together, these efforts strengthen the company's long-term competitiveness under its "Connectivity + Computing" strategy.

For Networks, ZTE positions AI as the core driver of its network evolution. Innovations such as the AIR solution series and AI-enabled 10-gigabit all-optical networks are advancing high-speed, converged, and intelligent connectivity, enabling broader AI application scenarios. The company is also advancing key frontiers, including 6G-AI convergence, space-air-ground integrated networks, and integrated sensing and communication (ISAC), pursuing breakthroughs in next-generation technologies.

While navigating domestic investment cycles, ZTE continues to maintain a stable global market presence, with its core products holding strong competitive positions: it ranks second globally in 5G base stations, 5G core networks, and fixed-network products, while its 5G RAN, 5G core networks, optical access, and optical transport solutions continue to receive industry "Leader" ratings.

For Computing, ZTE has introduced a portfolio of multi-scenario intelligent computing solutions, including the high-efficiency Orthogonal Super-Node system featuring innovative architecture, the AiCube intelligent computing appliance, and the Co-Sight Agent Factory platform. ZTE has accumulated extensive practical experience in AI and intelligent computing. In collaboration with partners, the company has enabled the implementation of multiple intelligent initiatives across sectors such as industrial manufacturing, power utilities, and urban governance, helping customers build efficient intelligent computing infrastructure and industry-specific AI application ecosystems.

In the Home and Personal Devices domains, ZTE advances AI-powered innovation under its "AI for All" vision. The company explores new AI-powered form factors to enable new paradigms for human-device interaction, accelerating the development of an AI ecosystem that covers a broad range of user scenarios.

In 2025, revenue from these segments grew steadily, with Personal Devices posting double-digit growth and international smartphone sales sustaining strong momentum. ZTE maintained its NO. 1 global market position in 5G FWA & MBB.

For Home, ZTE integrates AI with innovative terminal form factors, advancing the evolution of household devices into intelligent home hubs. Its computing-enabled, multi-screen home terminals support diverse scenarios, including elderly care, education, entertainment, and security.

In 2025, the company's annual shipments of home terminals again exceeded 100 million units. Key achievements included cumulative FTTR shipments that surpassed 30 million units, global leadership in PON CPE shipments, Wi-Fi 7 home CPE ranked among the industry's leading tier globally, and smart mid-sized screen sales that surpassed one million units. Additionally, the company's Cloud PC terminal sales exceeded two million units, sustaining strong growth and maintaining its leading position in China's desktop cloud terminal market.

For Personal Devices, ZTE focuses on AI-driven devices with gaming segment as a strategic growth focus to drive product innovation and business growth. The company introduced the flagship nubia Z80 Ultra and the accessible foldable nubia Flip 2, supporting AI-integrated lifestyles for young users.

Meanwhile, Xiaoxian 60 Zhenqing Edition, Panshi AI Phones (Changxing 60 series), and Yuanhang 60 Plus help extend AI capabilities to a broader user base. In collaboration with partners, the company explored an industry-first AI agent smartphone to support cross-application task orchestration and deliver a new intelligent interactive experience.

In the gaming segment, RedMagic continues to lead the global esports smartphone market. Meanwhile, the nubia Neo series is expanding its presence in overseas markets, covering key regions including Southeast Asia, Latin America, the Middle East, and Europe. Full-year shipments increased by 150% year-on-year with notable growth in markets such as the Philippines, Indonesia, Colombia, and Argentina.

Moving forward, ZTE is committed to advancing its "Connectivity + Computing" strategy with AI serving as a core enabler. Guided by its philosophy of "Synergizing for Shared Success, Driving Quality Growth and Profitability", the company will continue to enhance profitability and operational resilience. Through deeper collaboration with global partners, ZTE aims to foster innovation and ecosystem synergy, enabling inclusive digital and intelligent transformation across industries.