[TechWeb]July 29 news, yesterday evening, ZTE announced that the company had previously raised 11.512 billion yuan in non-public RMB ordinary shares. As of December 31, 2019, before the raised funds were actually in place, the company had pre-invested in technology research and product development projects for 5G network evolution with self-raised funds, with a total investment of RMB 4.972 billion.
From January 1, 2020 to June 30, 2020, the company invested a total of RMB 1.357 billion in technical research and product development projects for 5G network evolution with self-raised funds.
The announcement shows that the “5G network evolution-oriented technology research and product development projects” in this non-public offering to raise funds investment projects are mainly related to the 5G network evolution-oriented technology research and product development projects. Capitalization of research and development expenses and research and development equipment and software purchase. Among them, the capitalization of R&D expenses includes R&D labor costs, R&D materials consumed in the R&D process, etc.
The Links: LP150X1-B2AR LTD104C11U