Friday, October 28, 2016

ZTE Posts Q3 Revenue of US$10.54 Billion, up 4.4% YoY

ZTE reported operating revenue of RMB71,564 million (US$10.54 billion) for Q3 2016, representing a year-on-year growth of 4.44 percent. ZTE’s net profit, attributable to holders of ordinary shares of the listed company, amounted to RMB2,859 million, representing a year-on-year growth of 9.78 percent. Basic earnings per share amounted to RMB0.69.

ZTE attributed the growth primarily to 4G system products and optical transmission products in the domestic and international markets, as well as handset products and family terminal products in the domestic market.

Some highlights:

  • The company’s chip shipments doubled compared with the same period last year, achieving a record high. 
  • Shipments of mobile terminal chips accounted for 80 percent in overseas markets. There has been a rapid development in IoT chips and ZTE was the first company to support all bands of prototype chips in China and to conduct an IoT test at China Mobile, which has helped to gradually establish a strong industry ecosystem.
  • In regards to its wired network business as of the end of the third quarter, ZTE's next-generation passive optical networks (PON) market share, the overall growth of fixed-line market access and digital subscriber line (DSL) market share growth all ranked first in the world and ranked second in optical network market share globally.