ZTE(000063) 和讯网·2025-03-31 01:28Group 1: Company Strategy and Vision - ZTE Corporation is committed to its long-term strategy of "Connection + Computing Power," aiming to provide comprehensive intelligent computing solutions for global customers [1] - The management expressed confidence in seizing significant opportunities in the AI era while maintaining strategic focus, despite the retirement of Chairman Li Zixue [1] Group 2: Operator Business Performance - ZTE's operator business remains a cornerstone for high-quality growth, achieving stable performance with a gross margin increase to 50.90% in 2024 [2] - The company plans to enhance network intelligence through AI technologies and aims for over 150% year-on-year growth in domestic 5G-A investments by 2025 [2] Group 3: New Business Growth - ZTE's government and enterprise business and consumer business recorded growth rates of 36.68% and 16.12% respectively, driven by the urgent demand for digital transformation [4] - The digital transformation expenditure in China reached 2.3 trillion yuan in 2023, with expectations to grow to 3.1 trillion yuan by 2026 [4] Group 4: Market Opportunities in Computing Power - The intelligent computing market is projected to grow significantly, with a forecast of over 20% growth in computing power investments by major operators in China by 2025 [5] - The global AI computing chip market is expected to approach 300 billion dollars by 2025 [5] Group 5: Technological Advancements - ZTE is focusing on core technology development to enhance its competitive edge in the intelligent computing infrastructure market [6] - The company aims to improve product competitiveness through software and hardware collaboration, ensuring high performance and reliability [6] Group 6: Product Development and Market Expansion - ZTE is expanding its product offerings in the intelligent computing sector, with significant sales growth in operator markets and partnerships with leading internet companies [7] - The company is leveraging its AI strategy to innovate consumer products, including AI smartphones and smart home devices, to drive revenue growth [8] Group 7: Future Growth Projections - ZTE anticipates continued rapid growth in consumer terminal revenue, with smartphone sales expected to maintain over 40% year-on-year growth [9] - The company aims to capitalize on AI opportunities across communication infrastructure and industry applications, with plans to enhance its market share in both domestic and international markets [11]