Accomplishment of a 50 - 70% Business Growth Compared to Same Period Last Year
28 January 2008, Shenzhen, China - ZTE Corporation ("ZTE" or the "Group") (Stock code: 0763.HK 000063.SZ), a leading global provider of telecommunications equipment and network solutions, today announced its 2007 Business Growth Report.
After an initial calculation, ZTE has achieved a 50 to 70% net profit growth in the period of January to December 2007 compared to the same period last year, according to the Generally Accepted Accounting Principle of China. ZTE's aggressive expansion of its overseas operation contributes to the dramatic growth for the year. In 2006, the net profit for ZTE amounted to RMB807 million. With these significant achievements, ZTE is recognized in the industry as one of the few listed companies in China that is able to reward more than 10 times of profits to investors in a decade's time.
As the leading provider in the 3G market, ZTE seizes development opportunities in line with its business goals, and the company has achieved significant growth in its international business. Based on the mid-year report result of a 99% growth when compared to the same period last year, revenue growth from ZTE's international business for the first three quarters further rose to 106%, with the total amount occupying a 54.6% of the company's total revenue, driving the growth of the company as a whole.
The company's business growth, especially the rapid expansion in the international market, is benefited by its established position in the newly emerged telecommunications markets including India, which is the key market in Asia Pacific, as well as Southeast Asia and Africa in general. More importantly, ZTE has successfully penetrated into the developed markets by establishing strategic partnerships with top-tier and mainstream providers in these areas to develop corporate systems and terminal products.
Leveraged on its low cost advantage, dynamic service scope and the determination to provide the best offerings to customers, ZTE has gained significant recognition in the industry. As of to date, ZTE delivers high-quality products to over 500 carriers in more than 120 countries worldwide.
Media Contacts:Margrete MaZTE CorporationTel: +86 755 26775207Email: ma.gaili@zte.com.cn
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