ZTE today announced its revenue increased 21.8 percent to RMB 45.9 billion or $7.16 billion, while net profit rose 43.2 percent to RMB 1.62 billion or $252 million in the first six months.
Telecom networks contributed RMB 28.51 billion, while RMB 7.43 billion from enterprise business and RMB 9.96 billion came from mobile business.
ZTE REVENUE BREAK-UP in H1 2015
# Telecom networks RMB 28.51 billion or $4.45 billion
# Enterprise business RMB 7.43 billion or $1.16 billion
# Mobile business RMB 9.96 billion or $1.55 billion
4G network solutions including Cloud Radio and Magic Radio assisted ZTE to increase orders in the 4G LTE equipment market internationally.
Some of the LTE network customers of ZTE are Telefonica, MTN Group and Bharti Airtel.
ZTE posted growth in its wireline division, helped by a high number of orders for optical transport networks and broadband systems.
Revenue in the Carrier Networks division rose more than 30 percent to RMB 28.51 billion. Revenue in the telecommunications software systems, services and other products rose 36.11 percent to RMB 7.43 billion, as the company increased sales of video systems and network terminal products.
ZTE is growing its telecommunications services business in a range of markets including Germany, Belgium, Luxemburg, Spain and Colombia.
ZTE’s Enterprise and Government Solutions business posted strong year-on-year growth in the first half, as the company increased sales to customers in key verticals such as Smart City, transportation and energy. ZTE is also strengthening its position as a provider of data centre, cloud solutions and broadband networks to internet operators.
ZTE posted revenue of RMB 9.96 billion in the Mobile Devices division, as the company focused on its operations in key markets including the United States and China. The company posted strong growth in key markets including Asia Pacific, Latin America, Europe, Middle East and Africa, and ZTE consolidated its position as the most successful Chinese company in the U.S. smartphone market.
Baburajan K
editor@telecomlead.com
