Wednesday, January 26, 2011

ZTE Reports 17% Sales Growth for 2010

ZTE reported RMB 70,332,280,000 in operating revenue for the year 2010, representing a 16.69% growth compared to the previous year. Total profit in 2010 increased by 31.89% to RMB 4,384,983,000 compared to the previous year. The net profit attributable to shareholders of the Company in 2010 increased by 32.39% as
compared to the previous year to RMB 3,254,251,000. The increase in total profit and net profit was mainly attributable to (1) sales growth of the Group ; and recognition of investment income as a result of the listing of one of the associates of the company, Nationz Technologies Inc.,by way of initial public offering.