ZTE will post net profit of between RMB 500 million and RMB 750 million in the first nine months of 2013.

Compared to the same period last year, ZTE has generated a rebound if these results are consolidated.

The company reported net profit attributable to shareholders of the listed company of RMB 310 million, a year-on-year increase of 26.6%. Basic earnings per share amounted to RMB 0.09. Revenue decreased 11.9% to RMB 37.58 billion.

Connectikpeople has observed that, revenue fell because of a drop
in sales of GSM and UMTS products in China, and declining demand for 2G devices.

Regarding the domestic market, ZTE reported operating revenue of RMB 18.821 billion in the first half, accounting for 50.1% of overall operating revenue. This performance is explained by the construction of 4G networks and infrastructure related to the Broadband China strategy. ZTE has also focused on achieving improved profit margins in network contracts to ensure the company’s sustainable development.

The international market has generated operating revenue of RMB 18.755 billion from the international market, accounting for 49.9% of overall operating revenue.

ZTE reported operating revenue of RMB 19.050 billion for carriers’ networks, RMB 12.461 billion for terminals, and RMB 6.065 billion for telecommunications software systems, services and other products.

About ZTE

ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 160 countries, helping them to meet the changing needs of their customers while growing revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges.