After a two-month refusal order, the details of the relevant agreements were recently announced on the BIS official website of the US Department of Commerce. The basic dust of the ZTE event has settled. After this incident, the level of ZTE's compliance management will go a long way. The forefront of Chinese companies and even global companies. ZTE's “rebirth”, as one of the important 5G players, will complete the Nirvana rejuvenation through the 5G window period.
ZTE Resumption Refraction Responsibility and Confidence
ZTE officially resumed trading on the A-shares and H-shares markets on the 13th. On June 13th, ZTE's A+H shares resumed trading 56 days after the suspension of trading. In the morning session, ZTE A-shares fell below the threshold of 28.18 yuan. ZTE H-shares eventually closed at HK$14.96, a decrease of 41.56%. For this resumption, the amount of fines paid by ZTE exceeded US$2.29 billion (approximately RMB 14.6 billion). ZTE Corporation has been a parent company since its listing in 1997. The cumulative net profit was 23.106 billion yuan, with a cumulative total of 14.7 billion fines, which is approximately 64% of the net profit for the past 21 years.
After the US Secretary of Commerce Ross disclosed on June 7 that ZTE had signed a new settlement agreement with the United States a week later, the 3GPP Plenary also recently approved the freeze of the independent networking function of the 5G mobile communication technology standard (5G NR). This means that 5G Commercialization has become increasingly closer and has become a new outlet for development. ZTE Corporation currently serves over 1 billion users worldwide with more than 600 networks. Its R&D and innovation capabilities rank among the top in the world. After the short-term impact of the ban, ZTE is expected to step out from the bottom and welcome the 'V'. In the industry, people in the industry believe that the US will soon lift the ban. ZTE will soon make a resumption decision and reflect ZTE's sense of responsibility and confidence from the side.
As a whole, ZTE is not just a company. It is behind 80,000 employees and families, 300,000 shareholders, thousands of partners in the upstream and downstream industry chain, and more than one billion users worldwide. For many public companies with corporate responsibility and social responsibility, survival is the prerequisite for fulfilling all aspects of responsibility. If they refuse to accept, it means that the company has completely stopped its operations, and if it resumes work as early as one day, the losses will be reduced, and the company will not hesitate to exchange for severe conditions. Survival and follow-up development reflect ZTE's sense of responsibility and mission.
ZTE spirit is still on or by 5G to stand up
3GPP just announced the freezing of the 5G NR standard independent networking scheme, and the non-independent networking NR standard completed in December last year. This indicates that 5G has completed the first phase of full-featured standardization work, officially entering the full-scale industrial sprint phase, and also for the entire Industrial chain companies bring new market opportunities.
In such a node, it coincides with the imminent lifting of the ban on important 5G equipment vendors. Industry insiders expect that ZTE, which has been making huge investments in the 5G field for a long time and has a lot of achievements, may not only be as simple as returning, but the huge market prospects will be heavy. Cast a more powerful communications equipment giant, but the global 5G advancement also needs ZTE's participation.
In recent years, with the flagship of '5G Pioneer', ZTE has continued to make strategic investments in 5G. Currently, ZTE is leading in multiple dimensions of technology, standards, markets and industries. It is an important participant in the formulation of 5G standards. By the end of 2017, the company had 5G strategic layout globally 2,000 patents. ZTE has joined almost all international mainstream standards organizations and advancing platforms. In the 3GPP standardization organization 3GPP, it took the lead in formulating multiple 5G related standards, and obtained multiple standard editorial seats.
After the crisis is lifted, ZTE will not miss the coming 5G outlet, and its product technology layout for 5G will be the best chance to achieve counterattacks and surpass. Therefore, we have reason to believe that with the start of commercial launch of 5G in the future, ZTE is expected to usher in a new round of growth.
China Enterprise International cannot go round compliance
Although the ZTE event has come to an end temporarily, it has been said realistically that as a world-class multinational enterprise, ZTE has a complex business and a large number of employees. It is necessary to ensure that each employee's business does not become negligent at any time. ZTE needs to work harder. Nothing trivial, for ZTE who has experienced life and death struggling, compliance management is not only the “life-saving drug” but also the “injection of prevention” for healthy development in the future. A complete compliance system and in-depth genetic compliance culture, not only Helping companies avoid the crises and traps on the road to globalization is also an important means for companies to achieve sustainable development.
For Chinese companies, we also need to reflect on the incidents of ZTE. We must understand that establishing a sound internal compliance system is the only way for Chinese companies to develop internationally. We must focus on promoting compliance with laws and regulations, and improving the compliance risks. Ability to improve risk prevention mechanisms, and to establish a solid baseline for overseas legal risk prevention. We must strive to avoid disorderly competition, strengthen communication and cooperation among enterprises, do business planning, integrate resources, and standardize international business order. We must strengthen the team building and establish A more active international talent introduction and training mechanism, deepening the reform of the personnel selection system, and creating a high-quality international management talent team.