Monday, August 31, 2015

ZTE's Revenue of Profits Rise in First Half of 2015

ZTE reported operating revenue of RMB 45.9 billion for the first six months of 2015, up 22% over the first half of 2014, primarily reflecting growth in operating revenue for 3G system equipment in the domestic market, FDD-LTE system equipment in the domestic and international markets, TD-LTE system equipment in the international market, wireline switch and access systems in the domestic market and optical communication systems in the domestic market.

Operating profit was RMB 76 million for the period compared to a loss of RMB 210 million for the same period last year.

ZTE said China's domestic telecommunications industry is undergoing a stage of transition in both network and business model. During the first half of 2015, domestic carriers’ investment in equipment remained stable given the progress of 4G network deployment and expedited broadband development as a matter of national policy.  During the reporting period, the Group reported operating revenue of RMB 24.361 billion from the domestic market, accounting for 53.08% of the Group’s operating revenue.

http://wwwen.zte.com.cn/en/about/investor_relations/announcement/201508/P020150826636431955004.pdf

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