ZTE hosts 5G Summit & User Congress 2024 in Türkiye, showcasing the digital future under the theme "Flourish Through Intelligent Innovation"

ISTANBUL, Nov. 8, 2024 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, has hosted its annual 5G Summit & User Congress 2024 in Istanbul, Türkiye.

The two-day event, organized under the theme "Flourish Through Intelligent Innovation", gathered professionals from industry organizations, standardization bodies, carriers, think tanks, industry partners, and analysts, and other global ecosystem players. Discussions focused on the latest developments in 5G, 5G-A, AI, and next-generation networks, offering valuable insights into emerging trends and sharing practical case studies to drive the future of digital transformation.

As the core of the event, ZTE showcased its innovative products, solutions, and best practices, embodying the transformative potential of intelligent innovation. The company's advancements in wireless technology were segmented into three development stages:

In the 5G-ready Area, ZTE introduced the UniSite simplest site solution, covering UBR Pioneer, FMM Pioneer, and Green Pioneer, to help operators build an efficient and future-oriented 4G/5G network.

The 5G Area highlighted innovative 5G solutions tailored to ToC, ToB, and ToH markets, focusing on 5G Monetization, Intelligent Wireless Solutions, Private 5G Networks, and FWA.

The 5G-A Area unlocked the practice of 5G-A commercialization through solutions such as 5G-A 10Gbps Experience, Integrated Sensing and Communication, RedCap, and also discusses how AI empowers network O&M.

In the realm of core networks, ZTE unveiled its latest Smart Core solution, enhanced by AI and 5G-A technologies, featuring service intelligence, network intelligence, and O&M intelligence to reshape the mobile AI era and unlock new business value with global operators.

In the Server & Storage Product field, ZTE brought together upstream and downstream partners from the server industry chain, including chip manufacturers, cloud platform service providers, production manufacturers, system integration service providers, and global industry clients, to explore new opportunities for computing power infrastructure in the AI era. Additionally, ZTE had released its G6 series of servers for the first time in overseas markets.

In the wired field, ZTE, centering on the all - optical theme, presented the tri-mode 50G PON Combo solution along with the progress of global cooperation, the high-performance-price-ratio FTTR-B all-optical campus network, the cutting-edge Tbit OTN, the cost-effective 800GE IP network and the all - format LinkPro series Wi-Fi 7 products. The aim was to provide global customers with high-speed, reliable and economical all-optical connections.

ZTE underscored its "AI for All" strategy by showcasing cutting-edge AI-powered 5G innovations. Highlights included the debut of the industry's first AI-powered FWA solution, the ZTE Nebula AI FWA Solution, the first AI + 5G FWA G5 series, and a full range of FWA & MBB products tailored for personal, home, industry, and vehicle use, alongside stylish smartphones such as the nubia Focus 5G series, nubia Music, and nubia Neo 2 5G. Within its Full-Scenario Intelligent Ecosystem 3.0, ZTE further expanded its AI offerings to IoT devices and health wearables, aiming to enable everyone to benefit from AI and the latest technologies.

Innovation depends not only on individual breakthroughs but also on close collaboration and symbiotic growth across industries. ZTE collaborates with global partners to explore digital transformation across various sectors, driving progress in the digital economy. 

For more information, please visit:

https://www.zte.com.cn/global/about/exhibition/5g_summit_2024.html

ABOUT ZTE:

ZTE helps to connect the world with continuous innovation for a better future. The company provides innovative technologies and integrated solutions, its portfolio spans all series of wireless, wireline, devices and professional telecommunications services. Serving over a quarter of the global population, ZTE is dedicated to creating a digital and intelligent ecosystem, and enabling connectivity and trust everywhere. ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges. www.zte.com.cn/global

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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

ZTE hosts 5G Summit & User Congress 2024 in Türkiye, showcasing the digital future under the theme "Flourish Through Intelligent Innovation"

SEOUL, South Korea, Nov. 8, 2024 /PRNewswire/ -- Coway Co., Ltd., the "Best Life Solution Company," has announced its financial results for the third quarter of 2024.

"We continue to secure new customers, having seen our rental accounts exceed 10 million by merit of strong sales growth both domestically and internationally, and are also maintaining stable contract retention," said Soon Tae Kim, Coway's Chief Financial Officer. "For the remainder of this year and beyond, we will continue to prioritize research and development that drives product innovation and digitalization, and will also strive to maintain our robust performance growth."

Coway's reported earnings are as follows:

* The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.

Cumulative revenue for 2024 now stands at KRW 3,184.4 billion (+7.5% YoY) with an operating profit of KRW 612.0 billion (+8.3% YoY).

In South Korea, domestic business generated KRW 660.8 billion in revenue for the third quarter, up 9.9% from last year. This increase has been attributed to steady sales of the 'Icon Ice Water Purifier' during the summer months, as well as the ongoing popularity of the BEREX lineup of mattresses and massage chairs. The net increase in domestic rental accounts during the third quarter, totaling 102,000 accounts, more than doubled compared to the same period last year. Furthermore, the cumulative net increase for the first three quarters of this year amounts to 245,000 accounts, a figure that has already surpassed last year's total net increase of 193,000 accounts.

Coway's overseas subsidiaries also showcased strong growth in the third quarter, with a revenue report of KRW 391.5 billion, a 7.8% year-on-year increase. Of note among these were the Malaysia subsidiary, which achieved a revenue of KRW 293.4 billion with an 8.8% year-on-year increase, and the Thailand subsidiary, which continued to expand its growth trajectory with revenue of KRW 32.5 billion and an 8.9% year-on-year increase.

For additional details about Coway's financial performance, please visit the company's Investor Relations page.

About Coway Co., Ltd. 
Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Coway Announces Financial Results for Q3 FY2024