ZTE(000063) Xin Lang Cai Jing·2025-03-31 06:33Group 1 - ZTE Corporation announced the election of Fang Rong as the first female chairman in its 40-year history [1] - The new executive team includes Xu Ziyang as president and Wang Xiyu, Li Ying, and Xie Junshi as executive vice presidents responsible for R&D, finance, operations, and marketing respectively [1] - Fang Rong emphasized the urgency of transitioning from "full connectivity" to "connectivity + computing power" in her letter to employees, highlighting the need for strategic focus and innovation amidst a complex external environment [1] Group 2 - Li Zixue stepped down as chairman due to age reasons, having served in various roles since 1987 [2] - Li Zixue took over as chairman during a challenging period for ZTE, following the U.S. ban in 2018 [3] - ZTE's 2024 annual report revealed a revenue of 121.3 billion yuan, a year-on-year decrease of 2.4%, and a net profit of 8.42 billion yuan, down 9.7% [3]