Wednesday, March 16, 2011

ZTE's 2010 Revenue Rises 21% to US$10.7 Billion

ZTE Corporation reported annual revenue of RMB 70.264 billion (USD 10.609 billion) in 2010, representing an increase of 21% (in USD rate) against 2009. Net profit was RMB 3.250 billion (USD 490.74 million), representing an increase of 32.22% compared with 2009. Basic earnings per share were RMB RMB1.17 (USD 0.177).



ZTE's revenue from domestic operations in China amounted to RMB 32.198 billion (USD 4.861 billion), representing year-on-year growth of 5.90%. Hot areas in domestic sales included 3G, government and enterprise network sales. During the reporting period, ZTE also began supplying high-end data equipment such as T8000 and M6000 to the three major national carriers in large volumes, while its smart terminal equipment also gained significant market recognition.



ZTE's revenue from its international operations grew 27.45% to RMB 38.066 billion (USD 5.747 billion) and accounted for 54.18% of total operating revenue. For the first time, the US and European markets contributed the largest portion of overseas revenue. These markets recorded year-on-year growth of 50% which accounted for 21% of total operating revenue.



ZTE Chairman Mr. Hou Weigui, said: "In the coming year, the Group will proactively respond to the dynamic requirements of customers and strengthen strategic cooperation in response to the profound changes in the global telecommunications market. Other areas of focus will also include the recruitment and development of high-caliber staff, product differentiation as well as cost-effectiveness and quality of ZTE's solutions. We aim to achieve an excellent performance to benefit society and our shareholders."http://www.zte.com.cn

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