'Unblocking, painstakingly thinking! Let's go on the journey!', ZTE Corporation Shenzhen headquarters front-end rolling scrolls these big characters.
According to Reuters, the US Department of Commerce lifted ZTE’s ban on the sale of goods on Friday, allowing it to resume operations. This also means that ZTE is no longer the 'rejected list of the US Department of Commerce'.
Many ZTE employees forwarded the above news on the social platform. An employee of ZTE terminal commented: 'Not easy! Start again.'
'Require all members of the team to work overtime today. ' A number of ZTE employees confirmed to the China Business Journal that they had traveled to the company to work overtime on weekends.
Previously, at the shareholders meeting held on June 29, Zhao Xianming, former president of ZTE, said that the terminal was part of the ZTE incident.
An employee of ZTE terminal told this reporter: 'After the refusal order was lifted in the early morning of July 14, ZTE (ZTE) began to enter the previously prepared T0 reconstruction plan, and the terminal is fulfilling the contract order previously reached with Mexico. It is reported that the order was blocked and the delivery was not completed due to the rejection order.
The above-mentioned employees of ZTE terminal said that ZTE's work is mainly focused on two things: First, establish normal contact with customers and supply chain recovery; Second, the signed contracts are gradually recovering production and delivery.
The US Commerce Department previously said that after ZTE paid a $1 billion fine and deposited $400 million into a US bank escrow account, the ban was lifted. Another foreign media reported that although the US Department of Commerce lifted the ban on ZTE. However, the US Department of Commerce will remain vigilant and pay close attention to ZTE's actions to ensure compliance with US laws and regulations.
On the evening of July 13, ZTE announced that the company's first half of 2018 is expected to have a loss of 7 billion to 9 billion yuan, a profit of 2.29 billion yuan in the same period of the previous year, down 405.29% to 492.52% year-on-year. ZTE was affected by the US activation refusal and the $1 billion fine.