ZTE, a listed company, ranked first in communication research and development, but its growth rate declined.

Sina Finance News "Science and Technology Innovation" is the hottest topic in China's economy at present. Compared with science and technology innovation board enterprises that are still in the initial stage, A-share listed companies are the representatives of the best enterprise groups in China. They have higher certainty, more stable cash flow and better corporate governance structure, which support half of the total profits of industrial enterprises above designated size in China. Their investment in innovation is also a force that cannot be ignored in the market.

In view of this, Sina Finance launched the selection of "Keke" companies in China, striving to screen out the listed companies with the most scientific and technological strength in China. The selection of science and technology innovation strength will be comprehensively ranked from three dimensions: innovation input, innovation output and innovation structure. Among them, innovation investment mainly refers to the company's R&D investment and employee education funds; Innovation output mainly refers to the company's profit and income output; Innovation structure mainly refers to the company's technical structure and talent structure, such as the proportion of core patented technologies and R&D personnel. In these three dimensions, according to the classification of Shen Yin's international industries, the companies affiliated to the "communication and transmission equipment industry" in Shanghai and Shenzhen stock markets were selected for their scientific and technological strength, and finally the ranking of "the top ten in the communication and transmission equipment industry in 218" was obtained.

ZTE's R&D expenditure topped the list, but its R&D investment dropped by 15.86% year-on-year.

According to wind's statistics, in terms of absolute value of R&D expenditure, ZTE, Fiberhome Communications and Hengtong Optoelectronics ranked first in Shanghai and Shenzhen, with R&D expenditure of 1.96 billion yuan, 2.54 billion yuan and 1.354 billion yuan respectively. However, it should be pointed out that although ZTE's R&D expenditure in 218 ranked first, its R&D investment in 218 decreased by 15.86% compared with 217. In 217, ZTE's R&D expenditure was 12.962 billion yuan. At the same time, although Hengtong Optoelectronics has a high total R&D investment, it is relatively low in the top ten list in terms of the proportion of R&D expenditure and operating income. In the list of "Top Ten Contents of Communication and Transmission Equipment Industry in 218", Hengtong Optoelectronics' R&D expenditure and operating income accounted for only 4%, only higher than Zhongtian Technology, which was not the lowest in the list.

ZTE's performance has greatly improved after the lifting of the embargo

ZTE's main business is mainly divided into carrier network, consumer business and government and enterprise business. In 218, the overall revenue was 85.5 billion yuan, down 21.41% year-on-year. In terms of business segments, the revenue of the operator segment was 57.1 billion yuan, down 1.51% year-on-year; Government and enterprise business revenue was 9.2 billion yuan, down 6.13% year-on-year; Consumer business was 19.2 billion yuan, down 45.43% year-on-year. In 218, the loss was 6.949 billion yuan, which was due to the penalty of 1 billion US dollars imposed by US sanctions and the loss of business stagnation caused by the embargo during April-June 218.

ZTE's performance recovered quickly after the embargo was lifted. The company lifted the embargo in July, 218, and began to return to profit in Q3, 218. In Q1, 219, it realized operating income of 22.22 billion yuan, although it decreased by 19.34% year-on-year, but the net profit attributable to ordinary shareholders of listed companies was 863 million yuan, up by 115.95% year-on-year, and it was significantly improved compared with 276 million yuan in Q4, 218.

At the same time, the semi-annual performance forecast for 219 shows that ZTE expects the company's net profit attributable to ordinary shareholders of listed companies from January to June 219 to be 1.2 billion yuan to 1.8 billion yuan.

ZTE's business is "letting a hundred flowers blossom"

According to soochow securities's statistics, the company is "letting a hundred flowers blossom" in wireless, cable, terminal services and 5G applications.

in terms of wireless, the technology has continuously achieved breakthroughs, leading the commercial contract industry: the key technology of 5G, Massive MIMO, leads the commercial practice industry; NFV has more than 42 commercial and PoC cases worldwide; 5G end-to-end commercial products and solutions, full range of NR products to achieve full frequency band and full scene coverage; Common Core realizes 2/3/4/5G/fixed full access and full integration, and supports SA and NSA； at the same time; Self-developed serialized AI Engine supports 5G full scene intelligence; More than 32 LTE/EPC commercial contracts have been obtained worldwide, and the cumulative delivery share of global 4G base stations is close to 2%.

In terms of cable, the competitiveness in the fields of 5G bearer, optical communication, optical access, etc. continues to improve: 5G bearer has completed more than 2 experimental bureaus and tests, and the core technical indicators and trial commercial progress have remained ahead of the industry; TITAN, the flagship of optical access, ranks first in the industry in terms of capacity and integration. Its innovative architecture supports fixed-mobile convergence and embedded edge computing, and it is widely used in China, Italy and Japan. The transmission performance of optical network products is leading. In the wavelength division single carrier 4G test, the record of 4G ultra-long land high-speed transmission distance was refreshed.

terminal business, focusing on key customers and key markets, and taking the lead in completing the testing of 5G terminals: At present, it has taken the lead in completing the end-to-end debugging of 5G terminals of the three major domestic operators, and conducted the testing of 5G terminals in Canada, Australia, Spain, Austria, Italy, Finland and other countries; Join hands with China Unicom (6.23, -.4, -.64%), Finnish Elisa, Austrian Hutchison and other operator partners to release the first 5G flagship ZTE Axon 1 Pro 5G version in MWC219, and obtain the leading commercialization of 5G mobile phones; Serialized 5G terminal products such as 5G indoor and outdoor CPE will also land in major countries around the world; Blade V1 is listed in China and key countries.

in the application field of 5G industry, we focus on the cutting edge of technology and cooperate closely with our partners: in the fields of intelligent manufacturing, vehicle networking, new media, smart grid, smart port, smart airport, environmental protection, tourism and medical care, we will carry out research and exploration, demonstration construction and business incubation of "5G+" industry empowerment, and help the digital transformation of vertical industries in the 5g era. Signing a strategic cooperation agreement with Sany Heavy Industry (13.18, .5, .38%) and exploring the deep integration of 5G and industry; Join hands with Tianjin Unicom to build the world's first 5G&; MEC smart port application demonstration; Signed a strategic cooperation agreement with Nanjing Lukou Airport Airport Technology to jointly build a 5G smart airport; Cooperate with China Telecom to build Xiong 'an 5G application field pilot, including unmanned driving, smart security, Baiyangdian smart water control, panoramic VR HD live broadcast, 16-channel HD video live broadcast, and 4K HD video conference in Shuangcheng.

China Keke Company Selection is an annual selection sponsored by Sina Finance, with academic services provided by the Research Center of Listed Companies of China Academy of Social Sciences and data support provided by China National Intellectual Property Administration Big Data Industry Application Research Base. Through multi-dimensional evaluation of the scientific research strength of A-share listed companies, the most scientific and technological listed companies in China are obtained.

The final list will be announced on July 16th at the Sina China Branch Company Summit. At that time, Sina Finance will release two heavy reports, namely "Research Report on the Scientific Research Value of Listed Companies in China in 218" and "Panoramic Insight Report of Science and Technology Enterprises in China". Prior to this, Sina Finance will gradually launch a multi-dimensional sub-list to help investors understand the real "science and technology" content of listed companies, and at the same time, pay tribute to the strength of science and technology in the market!