Hou weigui biography template

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ZTE sets sights on leading global role

Iconic chairman reveals secrets of company's success amid downturns in world telecom sector

ZTE Corp has the potential to become one of the world's top three telecom equipment makers by surpassing Nokia Siemens Networks and Alcatel-Lucent SA in terms of sales but it still needs time, according to Hou Weigui, its chairman.

Hou, 70, who founded Zhongxing Semiconductor Co Ltd, the predecessor of ZTE, in China's southern coastal city of Shenzhen in 1985, has seen his company grow from being virtually unknown to becoming a top league player in the world's telecom industry.

Telecom technologies on display at an international exhibition in Beijing. ZTE Corp is the world's fifth-largest telecom equipment supplier by sales. [Photo/China Daily]

Despite slow spending in telecom infrastructure by worldwide telecom carriers, ZTE's revenue achieved year-on-year growth of 23.4 percent - the highest among all industry rivals - to 86.2 billion yuan ($13.58 billion) in 2011.

The company is the world's fifth-largest telecom equipment supplier by sales, behind Telefon AB LM Ericsson, Huawei Technologies Co Ltd, Alcatel-Lucent and Nokia Siemens Networks.

"ZTE presented a strong development momentum," said Hou, in an interview with

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ZTE

Chinese telecommunication company

For other uses, see ZTE (disambiguation).

ISIN

ZTE construction in Hi-tech Zone look up to Nanshan Part, Shenzhen, Guangdong
Formerly	Zhongxing Telecommunication Furnishings Corporation
Company type	Public; state-owned enterprise
Traded as	SZSE: 000063 SEHK: 763
Industry	Telecommunications equipment Networking equipment
Founded	1985; 40 years ago (1985) (as Zhongxing Conductor Co., Ltd.)
Founder	Hou Weigui
Headquarters	55 Hi-tech Road South Shenzhen, Guangdong, China 518057
Area served	Worldwide
Key people	Li Zixue (Chairman and Director Director)^[1] Xu Ziyang (Executive Director final CEO)^[2]
Products	Mobile phones, smartphones, slab computers, components, software, draft series decompose wireless, wireline, services, devices and buffed telecommunications services and services to telecommunications service providers and enterprises^[3]
Revenue	CN¥122.95 billion / Painstaking $17.68 billion^[4] (2022)
Operating income	CN¥6.16 billion^[5] (2022)
Net income	CN¥8.08 billion^[5] (2022)
Total assets	CN¥180.95 billion^[5] (2022)
Total equity	CN¥58