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ZTE FY09 revenue up 36% to $8.82bn

Sales of terminal products were on the rise in Europe and the US

By CBR Staff Writer

ZTE Corp has reported revenue of $8.82bn for the full year 2009, an increase of 36.08% compared to same period a year ago.

During the year, the group’s revenue from domestic operations amounted to $4.45bn, representing a year-on-year growth of 74.04%. Revenue from international operations grew by 11.34% to $4.4bn, accounting for 49.56% of the total revenue of the group.

The company’s net profit rose by 48.06% to $359.7m. Basic earnings per share were $0.21. In 2009, net cash flow from operating activities per share was $0.28.

Hou Weigui, chairman of ZTE, said: “Our terminal business sustained rapid growth throughout 2009, as its global ranking in terms of handset delivery continued to rise. In the domestic market, we reported fast growth in our terminal products throughout the year thanks to the thriving 3G market. On the international front, we continued to make breakthroughs in important country markets and mainstream carriers, resulting in a more balanced global presence.

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“Sales of our terminal products were on the rise in Europe and the US, auguring well for the realisation of our development and business objectives for 2010.”

Mr Weigui added: “In the coming year, we will focus on improving its capabilities in integrate solutions and strive to constantly improve the quality of networks provided to customers by enhancing its competition strategy, product planning, product delivery and market behaviour, etc.”

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