In addition to Huawei and ZTE, there are two Jiangsu companies that will rank among the top ten telecommunications equipment vendors in the world in 2021.

In the first half of 2021, Huawei achieved sales revenue of 320.4 billion yuan and net profit of 31.399 billion yuan, a year-on-year decrease of 29.4 and 24.8 respectively. In addition to the growth in enterprise business, the other two main businesses have declined. Among them, the consumer business suffered the largest decline, with revenue shrinking by 120 billion yuan, leaving only 135.7 billion yuan. The operator business achieved revenue of 136.9 billion yuan, a decrease of 22.7 billion compared with 159.6 billion yuan in the same period last year.

Rotating Chairman Xu Zhijun said: "We are confident that the operator business and enterprise business will still achieve steady growth." This sentence is confident. Thanks to the full support of several major operators, Huawei has won 58% of China's 5G main equipment market (as of August 1, 2021), far ahead of ZTE (31), Ericsson (6), and Datang Mobile (3 ) and Nokia (2).

According to the "Top 10 Most Valuable Telecommunications Infrastructure Brands in 2021", Huawei continues to rank first, with a brand value of US$55.398 billion (approximately RMB 360 billion), ranking 2-10 The total is even more.

It is worth mentioning that in this list released by the brand evaluation agency Brand Finance, there are still three Chinese companies on the list. ZTE ranked fifth, with a brand value of US$3.846 billion. Its business covers more than 160 countries and regions, serving more than a quarter of the world's population. Last year, the company achieved revenue of 101.45 billion yuan, a year-on-year increase of 11.8%; net profit was 4.26 billion yuan, a year-on-year decrease of 17.3%. In the first half of this year, it is expected to achieve a net profit of 3.8 billion to 4.3 billion yuan, a year-on-year increase of 104.60 to 131.52.

Last year, ZTE ranked second in global shipments of 5G base stations and second in global operator market share of optical networks. At present, it has developed more than 500 partners, jointly explored nearly a hundred 5G innovative application scenarios, and carried out more than 60 demonstration projects around the world such as smart manufacturing in Thailand, smart ports in Belgium, and smart farms in Austria.

Hengtong and Zhongtian Technology ranked ninth and tenth, with brand values ??of US$977 million and US$793 million respectively. Both companies are located in Jiangsu, one in Wujiang City and the other in Nantong City. They are both leading companies in the optical communications industry. After 30 years of development, the former has established 11 industrial bases and more than 30 marketing technology service companies in Germany, Spain, Brazil, India, etc., with its business covering more than 100 countries and regions, and its global optical fiber network market share exceeds 15%.

The latter has formed a diversified industrial structure such as information communications, smart grids, new energy, marine equipment, new materials, and intelligent manufacturing, and its products are exported to 160 countries and regions. Zhongtian Technology spends 4% of its revenue on R&D every year and now has more than 1,700 national-level new products and patents with independent intellectual property rights. It is the first submarine cable company to go abroad and the first Asian supplier to enter the US market. It is the first submarine cable turnkey supplier to enter the European high-end market.

Four Chinese companies are among the top ten, with a total brand value of US$61.014 billion (approximately RMB 395 billion), accounting for approximately 60% of the total value of the list. Cisco, Nokia, and Qualcomm ranked 2-4. Ericsson, Corning, and Juniper Networks ranked 6-8.

Two European companies are dividing the market share vacated by Huawei. Nokia has so far won 165 5G commercial contracts, of which 65 operators have commercialized 5G networks, while Ericsson has won 143 5G commercial contracts.