PR89186

SHENZHEN, China, April 26, 2021 /PRNewswire=KYODO JBN/ --

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of

telecommunications, enterprise and consumer technology solutions for the Mobile

Internet, has been included among major participants and setters of the global

5G standards for leading the world in 5G technology, patents, standards,

industries, and terminals, according to the latest report "Challenges and

Prospects for China's Telecommunications Industry and Intellectual Property

Market " by established investment management company Jones Lang LaSalle (JLL).

According to the report, ZTE has also been ranked in the first tier of global

patent layout in recognition of its contribution to the research and standard

settings of the global 5G technology. To date, ZTE's patented technology value

has exceeded RMB 45 billion.

Committed to creating value for customers through the accumulation of

high-quality patents and aimed to be a "digital economy road builder"

With the advent of the digital economy era, a new generation of mobile

information technology like 5G, has developed into a key driving force for the

digital transformation and upgrading of the entire society. Enhancing

independent technological innovation and strengthening the cultivation and

layout of high-quality patents are playing an important role in the development

of China's enterprises. As a major contributor to the global 5G standards, ZTE

insists on building its stronger core competence and continues to research and

develop in key technologies and basic sciences. The company has invested more

than RMB 10 billion on a yearly basis in the R&D over the past years. In 2020,

its R&D spending reached RMB 14.8 billion, accounting for 14.6% of its

operating revenue.

As 5G technology becomes mature and gains increasing popularity, major global

manufacturers are building their core competitiveness in the iterative patent

layout. ZTE has launched a high-quality patent layout in many 5G-related

fields. The company constantly strengthens its innovative R&D capabilities to

maintain its competitive advantages in the domestic and international markets.

Furthermore, by virtue of its global strategic layout,the company continues to

bring its customers the innovative products and high-quality services, and is

committed to creating value for its customers as a "digital economy road

builder".

ZTE, backed up with its high R&D spending and continuous technology

accumulation, has filed over 80,000 global patent applications by March 2021,

and accumulated more than 38,000 granted patents globally, including 4,270 chip

patent applications and more than 1,800 granted patents. According to the

latest report "Who is leading the 5G patent race?" published in February by

IPlytics, ZTE has been included global top 3 for its sustainable leadership in

5G declared Standard-Essential Patents(SEP) to ETSI.

Efficient operation strategies effectively driving the conversion of innovation

achievements, boosting high-quality growth of the intangible assets

With the significant improvement of the innovation and creation capabilities,

ZTE has been constantly strengthening the utilization of intellectual property

(IP). In addition to reinforcing the cultivation and layout of high-value

patents, ZTE proactively promotes the application, conversion and

implementation of patents under highly efficient operation strategies. On the

one hand, it makes efforts to increase the alignment of patent applications and

technology R&D with market demand, while continuously improving the quality of

patent applications. On the other hand, with the establishment of a management

system across the entire IP life cycle, IP management is performed in all work

flows including R&D, marketing, procurement, production design and sales and so

on. In this way, a well-conceived and efficient patent protection network is

built to promote the high-quality growth of the commercial value of the

company's intangible assets.

"As one of China's high-tech companies in global competition, ZTE is fully

aware of the value and significance of independent R&D and technological

innovation. The company has maintained powerful investment in R&D for decades

and has accumulated a large number of innovative technological achievements,"

said Hu Yi, Vice President and Head of Intellectual Property Department at ZTE

Corporation. "Some of these achievements have been transformed into high-tech

products to help ZTE expand overseas markets like Europe and North America, and

some of them have developed into intangible assets including intellectual

properties, such as patents. "

"With the progress of the times and the development of the industries, ZTE

actively seeks how to further explore and leverage the value of intangible

assets. The company reaches patent cross-licensing with mainstream companies in

the telecoms industry, thereby achieving rapid iteration of new technologies

and products through commercial interactions and promoting telecoms industry

technologies to further impact vertical industries."

"Besides, we collect reasonable R&D investment through transfers, licensing and

other management methods to build a closed loop of sustainable development of

"Innovation - Operation - Re-innovation". In the past few years, ZTE's

intellectual properties income has grown steadily, which has brought cash

benefits to the company and will continue to create predictable benefits. It is

estimated that our intellectual properties will bring nearly RMB 4.5-6 billion

revenue to the company during the period from 2021 to 2025." added Mr Hu Yi.

As the best practitioner of global innovation and intellectual property

commercial value, ZTE has always regarded intellectual property as the core

strategy for enterprise development. Moving forwards, ZTE will continue to

improve its core competence by enhancing the quality of intellectual property

creation, and the efficiency of utilization and management of IP. While

achieving a good balance between technological innovation investment and

intellectual property return, ZTE will join forces with all partners to promote

a high-quality development of the IP ecosystem, and empower the digital and

intelligent transformation and upgrading of society.

Please refer to the following link for the full report:

http://www.whytouch.com/pdf/gb483f72362e6573c99190c96622507e/index.php  

Media Contacts:

Margrete Ma                                                      

ZTE Corporation                                          

Tel: +86 755 26775189                                    

Email: ma.gaili@zte.com.cn  

SOURCE  ZTE Corporation