For the surge in performance, ZTE said ZTE benefited from continued investment in telecom networks by global operators and the expansion of overseas mobile phone and government-enterprise markets. ZTE's revenue from operator networks, consumer businesses and government-enterprise businesses both increased YoY .
Second, in March 2017, ZTE reached a settlement agreement with the relevant U.S. government authorities and agreed to pay a fine of about US $ 892 million. The Company has included the penalty loss in its financial statements for the year 2016. In 2017, the Company has provided the relevant U.S. government The department paid about 826 million U.S. dollars.
In addition, ZTE strengthened its cash flow and sales collection management in 2017, with a net cash flow from operating activities of approximately RMB6,779 million, representing an increase of approximately 28.88% as compared with the previous year. Excluding the above-mentioned impact of the fines imposed by the U.S. government, Net cash flow from operating activities of the Group amounted to approximately RMB12,444 million, representing an increase of approximately 136.58% as compared with the previous year.
Insiders pointed out that in June 2018 5G standard will be basically established, is currently in the pre-5G business all the world's major communications equipment providers continue to invest huge resources in the stage of research and development competitions.ZTE January 31 release announcement will be fixed, Intends to not more than 10 specific investors non-public offering of shares, raise funds not exceeding 130 billion yuan, non-public offering of shares does not exceed 686,836,000 shares, the funds will be mainly used for 5G network evolution of technology research and product development projects, is expected To further enhance the company 5G long-term competitiveness and future 5G market share.