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ZTE Announces 2010 9-Month Result
Published Oct 28, 2010
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(BUSINESS WIRE/Me NewsWire)-- ZTE Corporation (“ZTE” or the “Group”) (H share stock code: 0763.HK / A share stock code: 000063.SZ) reported a 7.51% increase in operating revenue to USD 6.87 billion for the nine months ended 30 September 2010. In the same period, net profit attributable to shareholders of the parent company grew 14.21% to USD203.1 million year-on-year. Basic earnings per share amounted to USD 0.0731.
For the system products, the company's wireless offerings continue to perform in a competitive market. ZTE has achieved tremendous technological advancement in the LTE/TD-LTE arena. The UniRAN solution based on SDR technology has been well received in the market. Within the wireline product suite, FTTx solutions remain ranked among the top 2 in the world, and the company’s optical transmission products are now ranked at the top 3 in the world for the first time.
Revenue from terminal products grew by 30.53% due to China’s expanding 3G market, the popularity of Android handsets in Europe and the U.S., as well as the data card products. The cooperation with Vodafone and Hutchison in the smartphone business has also achieved great progress while the company’s relationship with major operators such as Verizon has strengthened. Revenue from the telecommunication software systems, services and other products also grew by 23.94%, reflecting primarily growth in the sales of video, network terminals and service offerings.
In the first nine months, ZTE focused on developing its presence in the U.S. and European markets as well as in developing countries. The group also cooperated with France Telecom, Telkom, Telefonica, America Movil, Brasil Telecom and other global mainstream telecommunications operators in different products to form a new collaboration. ZTE’s 3G equipment was also successfully launched in Hungary, Poland and a number of CIS countries, as well as making successful inroads into Brazil and South Africa, laying a solid foundation for the company’s future growth in these markets.
Looking forward, the Group will make strong efforts to seize opportunities presented by the popularity of broadband services in emerging markets, as well as offering network upgrades in developed countries. With an emphasis on meeting customer needs, and product research and development, services will be focused on reducing operating costs and alleviating network pressure.
Meanwhile, ZTE will continue to focus on internal management practices to improve operating efficiency as it pursues stable and sustainable development.
Posted by
VMD - [Virtual Marketing Department]
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